Declared Dividend • Jun 08
Dividend of CN¥1.00 announced Shareholders will receive a dividend of CN¥1.00. Ex-date: 15th June 2026 Payment date: 15th June 2026 Dividend yield will be 4.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 91% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Independent Director Xihui Wang was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Paying a dividend despite having no free cash flows. High level of non-cash earnings (20% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (5.7% net profit margin). Price Target Changed • Apr 23
Price target increased by 7.1% to CN¥26.23 Up from CN¥24.49, the current price target is an average from 7 analysts. New target price is 15% above last closing price of CN¥22.90. Stock is down 4.5% over the past year. The company is forecast to post earnings per share of CN¥1.32 for next year compared to CN¥0.63 last year. Reported Earnings • Apr 22
First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2026 results: EPS: CN¥0.33 (up from CN¥0.15 in 1Q 2025). Revenue: CN¥2.22b (up 42% from 1Q 2025). Net income: CN¥168.3m (up 118% from 1Q 2025). Profit margin: 7.6% (up from 4.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Apr 21
Chacha Food Company, Limited, Annual General Meeting, May 18, 2026 Chacha Food Company, Limited, Annual General Meeting, May 18, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Announcement • Mar 31
Chacha Food Company, Limited to Report Q1, 2026 Results on Apr 21, 2026 Chacha Food Company, Limited announced that they will report Q1, 2026 results on Apr 21, 2026 Announcement • Dec 31
Chacha Food Company, Limited to Report Fiscal Year 2025 Results on Apr 24, 2026 Chacha Food Company, Limited announced that they will report fiscal year 2025 results on Apr 24, 2026 Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.16b to CN¥6.76b. EPS estimate also fell from CN¥0.898 per share to CN¥0.669 per share. Net income forecast to grow 56% next year vs 33% growth forecast for Food industry in China. Consensus price target broadly unchanged at CN¥24.73. Share price rose 2.6% to CN¥22.08 over the past week. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.16 (down from CN¥0.56 in 3Q 2024). Revenue: CN¥1.75b (down 5.9% from 3Q 2024). Net income: CN¥79.4m (down 73% from 3Q 2024). Profit margin: 4.5% (down from 16% in 3Q 2024). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 20% per year. Announcement • Sep 30
Chacha Food Company, Limited to Report Q3, 2025 Results on Oct 24, 2025 Chacha Food Company, Limited announced that they will report Q3, 2025 results on Oct 24, 2025 Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.36b to CN¥7.16b. EPS estimate also fell from CN¥1.36 per share to CN¥0.929 per share. Net income forecast to grow 1.3% next year vs 20% growth forecast for Food industry in China. Consensus price target down from CN¥26.47 to CN¥25.12. Share price fell 5.1% to CN¥22.37 over the past week. New Risk • Aug 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.6% net profit margin). Reported Earnings • Aug 23
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.022 (down from CN¥0.19 in 2Q 2024). Revenue: CN¥1.18b (up 9.7% from 2Q 2024). Net income: CN¥11.4m (down 88% from 2Q 2024). Profit margin: 1.0% (down from 8.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Jul 02
Chacha Food Company, Limited to Report First Half, 2025 Results on Aug 27, 2025 Chacha Food Company, Limited announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • Jun 16
Dividend of CN¥1.00 announced Dividend of CN¥1.00 is the same as last year. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 5.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio) nor is it covered by cash flows (119% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.7% to bring the payout ratio under control. EPS is expected to grow by 42% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 22
Chacha Food Company, Limited Approves Cash Dividend for 2024 Chacha Food Company, Limited held its Annual General Meeting of 2024 on 16 May 2025, approved cash dividend of CNY 10.00000000 per 10 shares (tax included) for 2024. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.64b to CN¥7.24b. EPS estimate also fell from CN¥1.90 per share to CN¥1.40 per share. Net income forecast to grow 15% next year vs 27% growth forecast for Food industry in China. Consensus price target down from CN¥34.18 to CN¥30.48. Share price fell 11% to CN¥23.18 over the past week. Price Target Changed • Apr 29
Price target decreased by 11% to CN¥30.48 Down from CN¥34.18, the current price target is an average from 8 analysts. New target price is 30% above last closing price of CN¥23.40. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥1.68 last year. Announcement • Apr 25
Chacha Food Company, Limited Proposes Final Cash Dividend for 2024 Chacha Food Company, Limited proposed final cash dividend of CNY 10.00000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 24
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.15 (down from CN¥0.47 in 1Q 2024). Revenue: CN¥1.57b (down 14% from 1Q 2024). Net income: CN¥77.2m (down 68% from 1Q 2024). Profit margin: 4.9% (down from 13% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 51%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Food industry in China. 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 23% per year, which means it is performing significantly worse than earnings. Announcement • Apr 24
Chacha Food Company, Limited, Annual General Meeting, May 16, 2025 Chacha Food Company, Limited, Annual General Meeting, May 16, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Announcement • Mar 31
Chacha Food Company, Limited to Report Q1, 2025 Results on Apr 24, 2025 Chacha Food Company, Limited announced that they will report Q1, 2025 results on Apr 24, 2025 Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: CN¥1.68 (vs CN¥1.58 in FY 2023) Full year 2024 results: EPS: CN¥1.68 (up from CN¥1.58 in FY 2023). Revenue: CN¥7.13b (up 4.8% from FY 2023). Net income: CN¥852.5m (up 6.2% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Food industry in China. 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 23% per year, which means it is performing significantly worse than earnings. Announcement • Jan 07
Chacha Food Company, Limited Approves Cash Dividend for the Third Quarter of 2024 Chacha Food Company, Limited held its first Extraordinary General Meeting of 2025 held on January 3, 2025, approved 2024 third quarter profit distribution plan: Cash dividend/10 shares (tax included): CNY 3.00000000. Announcement • Dec 31
Chacha Food Company, Limited to Report Fiscal Year 2024 Results on Apr 24, 2025 Chacha Food Company, Limited announced that they will report fiscal year 2024 results on Apr 24, 2025 Announcement • Dec 19
Chacha Food Company, Limited Proposes Cash Dividend for the Third Quarter of 2024 Chacha Food Company, Limited proposed cash dividend of CNY 3.00 per 10 shares (tax included) for the third quarter of 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CN¥0.56 (up from CN¥0.48 in 3Q 2023). Revenue: CN¥1.86b (up 3.7% from 3Q 2023). Net income: CN¥289.4m (up 21% from 3Q 2023). Profit margin: 16% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Chacha Food Company, Limited to Report Q3, 2024 Results on Oct 25, 2024 Chacha Food Company, Limited announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥28.92, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Food industry in China. Total loss to shareholders of 35% over the past three years. Price Target Changed • Sep 03
Price target decreased by 11% to CN¥37.42 Down from CN¥42.03, the current price target is an average from 8 analysts. New target price is 53% above last closing price of CN¥24.43. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.93 for next year compared to CN¥1.58 last year. Price Target Changed • Aug 30
Price target decreased by 9.1% to CN¥39.74 Down from CN¥43.72, the current price target is an average from 8 analysts. New target price is 59% above last closing price of CN¥25.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥1.84 for next year compared to CN¥1.58 last year. Reported Earnings • Aug 29
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.17 in 2Q 2023). Revenue: CN¥1.08b (down 20% from 2Q 2023). Net income: CN¥96.3m (up 7.6% from 2Q 2023). Profit margin: 8.9% (up from 6.6% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China. 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 13% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Chacha Food Company, Limited to Report First Half, 2024 Results on Aug 29, 2024 Chacha Food Company, Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 22
Chacha Food Company, Limited (SZSE:002557) announces an Equity Buyback for CNY 100 million worth of its shares. Chacha Food Company, Limited (SZSE:002557) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 50.70 per share. The shares purchased will be used for the company's equity incentive plan or employee stock ownership plan. The program will be valid till 12 months. Declared Dividend • Jun 11
Dividend of CN¥1.00 announced Dividend of CN¥1.00 is the same as last year. Ex-date: 14th June 2024 Payment date: 14th June 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
Chacha Food Company, Limited Approves Cash Dividend for the Year 2023, Payable on 14 June 2024 Chacha Food Company, Limited at its Annual General Meeting of 2023 held on 17 May 2024, approved Cash dividend/10 shares (tax included): CNY 10.00000000 for the year 2023. Record date: 13 June 2024; Ex-date: 14 June 2024; Payment date: 14 June 2024. Announcement • Apr 28
Chacha Food Company, Limited, Annual General Meeting, May 17, 2024 Chacha Food Company, Limited, Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Amendments to the Company's articles of association; to consider Amendments to the external investment management system; to consider Amendments to the external guarantee system; to consider Amendments to the raised funds management system; and to consider other matters. Reported Earnings • Apr 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.58 (down from CN¥1.93 in FY 2022). Revenue: CN¥6.81b (down 1.1% from FY 2022). Net income: CN¥802.7m (down 18% from FY 2022). Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 1.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Chacha Food Company, Limited Proposes Final Cash Dividend for the Year 2023 Chacha Food Company, Limited proposed final cash dividend/10 shares (tax included) of CNY 10.00000000 for the year 2023. Announcement • Mar 30
Chacha Food Company, Limited to Report Q1, 2024 Results on Apr 30, 2024 Chacha Food Company, Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Mar 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.2% to CN¥36.62. The fair value is estimated to be CN¥30.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥1.59 (vs CN¥1.93 in FY 2022) Full year 2023 results: EPS: CN¥1.59 (down from CN¥1.93 in FY 2022). Revenue: CN¥6.81b (down 1.1% from FY 2022). Net income: CN¥805.2m (down 18% from FY 2022). Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥35.12, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Food industry in China. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.79 per share. Buy Or Sell Opportunity • Feb 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CN¥30.18. The fair value is estimated to be CN¥37.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Price Target Changed • Feb 01
Price target decreased by 7.4% to CN¥42.06 Down from CN¥45.40, the current price target is an average from 8 analysts. New target price is 38% above last closing price of CN¥30.40. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥1.60 for next year compared to CN¥1.93 last year. Announcement • Dec 30
Chacha Food Company, Limited to Report Fiscal Year 2023 Results on Apr 26, 2024 Chacha Food Company, Limited announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: CN¥0.48 (down from CN¥0.60 in 3Q 2022). Revenue: CN¥1.79b (up 5.1% from 3Q 2022). Net income: CN¥238.4m (down 14% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 34%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥36.26, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Food industry in China. Total loss to shareholders of 36% over the past three years. Announcement • Sep 02
Chacha Food Company, Limited (SZSE:002557) announces an Equity Buyback for CNY 150 million worth of its shares. Chacha Food Company, Limited (SZSE:002557) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 55.06 per share. The shares purchased will be used for the company's equity incentive plan or employee stock ownership plan. The program will be valid till 12 months. Price Target Changed • Sep 01
Price target decreased by 10% to CN¥49.59 Down from CN¥55.29, the current price target is an average from 8 analysts. New target price is 46% above last closing price of CN¥33.88. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥1.55 for next year compared to CN¥1.93 last year. Major Estimate Revision • Aug 31
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥7.84b to CN¥7.15b. EPS estimate also fell from CN¥2.12 per share to CN¥1.49 per share. Net income forecast to grow 14% next year vs 42% growth forecast for Food industry in China. Consensus price target down from CN¥55.29 to CN¥52.59. Share price fell 12% to CN¥33.05 over the past week. Reported Earnings • Aug 25
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥1.35b (up 8.3% from 2Q 2022). Net income: CN¥89.5m (down 38% from 2Q 2022). Profit margin: 6.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Food industry in China. 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 22% per year, which means it is significantly lagging earnings. Announcement • Jun 15
Chacha Food Company, Limited Implements Final Profit Distribution Plan (A Shares) for 2022, Payable on 20 June 2023 Chacha Food Company, Limited announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 10.00000000. Record date: 19 June 2023, Ex-date: 20 June 2023, Payment date: 20 June 2023. Buying Opportunity • May 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be CN¥53.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 37% in 2 years. Earnings is forecast to grow by 44% in the next 2 years. Buying Opportunity • Apr 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥53.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 47% in the next 2 years. Reported Earnings • Apr 22
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥1.93 (up from CN¥1.84 in FY 2021). Revenue: CN¥6.88b (up 15% from FY 2021). Net income: CN¥976.0m (up 5.1% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.60 (up from CN¥0.53 in 3Q 2021). Revenue: CN¥1.71b (up 14% from 3Q 2021). Net income: CN¥275.7m (up 3.2% from 3Q 2021). Profit margin: 16% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 19
Chacha Food Company, Limited(XSEC:002557) dropped from S&P Global BMI Index Chacha Food Company, Limited(XSEC:002557) dropped from S&P Global BMI Index Reported Earnings • Aug 20
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.26 in 2Q 2021). Revenue: CN¥1.25b (up 24% from 2Q 2021). Net income: CN¥143.2m (up 11% from 2Q 2021). Profit margin: 12% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 19%, compared to a 23% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year. Announcement • Jun 16
Chacha Food Company, Limited Announces Cash Dividend for A Shares for the Year 2021, Payable on 21 June 2022 Chacha Food Company, Limited announced cash dividend/10 shares (tax included) of CNY 8.50000000 for A shares for the year 2021. Record date is 21 June 2022. Ex-date is 22 June 2022. Payment date is 22 June 2022. Announcement • May 20
Chacha Food Company, Limited Approves Cash Dividend for the Year 2021 Chacha Food Company, Limited announced that at its Annual General Meeting held on 18 May 2022, approved cash dividend/10 shares (tax included) of CNY 8.50000000 for the year 2021. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.42 (up from CN¥0.39 in 1Q 2021). Revenue: CN¥1.43b (up 3.9% from 1Q 2021). Net income: CN¥207.8m (up 5.2% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 20%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥1.84 (up from CN¥1.60 in FY 2020). Revenue: CN¥5.99b (up 13% from FY 2020). Net income: CN¥928.7m (up 15% from FY 2020). Profit margin: 16% (in line with FY 2020). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥44.68, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Food industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.79 per share. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.83 (up from CN¥1.60 in FY 2020). Revenue: CN¥5.99b (up 13% from FY 2020). Net income: CN¥930.1m (up 16% from FY 2020). Profit margin: 16% (in line with FY 2020). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 15%, compared to a 17% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 30
Price target increased to CN¥61.89 Up from CN¥57.75, the current price target is an average from 12 analysts. New target price is 8.8% above last closing price of CN¥56.90. Stock is down 4.4% over the past year. The company is forecast to post earnings per share of CN¥1.80 for next year compared to CN¥1.60 last year. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥52.97, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the Food industry in China. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.30 per share. Price Target Changed • Aug 24
Price target decreased to CN¥57.75 Down from CN¥70.94, the current price target is an average from 11 analysts. New target price is 46% above last closing price of CN¥39.50. Stock is down 42% over the past year. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.29 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.00b (down 13% from 2Q 2020). Net income: CN¥129.7m (down 11% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
Chacha Food Company, Limited Approves Cash Dividend for the Year 2020 Chacha Food Company, Limited announced that at its AGM held on 18 May 2021, it has approved cash dividend/10 shares (tax included) of CNY 8.00000000 for the year 2020. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥1.60 (vs CN¥1.19 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.29b (up 9.3% from FY 2019). Net income: CN¥805.1m (up 33% from FY 2019). Profit margin: 15% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 09
Chacha Food Company, Limited to Report Fiscal Year 2020 Results on Apr 16, 2021 Chacha Food Company, Limited announced that they will report fiscal year 2020 results on Apr 16, 2021 Is New 90 Day High Low • Mar 04
New 90-day low: CN¥51.55 The company is down 13% from its price of CN¥59.43 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥32.97 per share. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥55.00, the stock is trading at a trailing P/E ratio of 37.9x, down from the previous P/E ratio of 45.8x. This compares to an average P/E of 35x in the Food industry in China. Total returns to shareholders over the past three years are 298%. Is New 90 Day High Low • Feb 02
New 90-day high: CN¥67.46 The company is up 19% from its price of CN¥56.69 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Food industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥27.82 per share. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥62.04, the stock is trading at a trailing P/E ratio of 42.8x, up from the previous P/E ratio of 37.1x. This compares to an average P/E of 42x in the Food industry in China. Total returns to shareholders over the past three years are 323%. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥52.78 The company is down 11% from its price of CN¥59.23 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥27.82 per share. Is New 90 Day High Low • Nov 03
New 90-day low: CN¥56.25 The company is down 11% from its price of CN¥63.50 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥23.80 per share. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Earnings beat expectations, revenue disappoints Third-quarter revenue missed analyst estimates by 5.1% at CN¥1.36b. Earnings per share (EPS) exceeded analyst estimates by 5.0% at CN¥0.47. Revenue is forecast to grow 20% over the next year, compared to a 23% growth forecast for the Food industry in China. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥732.9m, up 38% from the prior year. Total revenue was CN¥5.27b over the last 12 months, up 17% from the prior year. Announcement • Oct 16
Chacha Food Company, Limited to Report Q3, 2020 Results on Oct 16, 2020 Chacha Food Company, Limited announced that they will report Q3, 2020 results on Oct 16, 2020 
