Buy Or Sell Opportunity • Jun 29
Now 20% undervalued Over the last 90 days, the stock has risen 64% to CN¥18.46. The fair value is estimated to be CN¥23.21, 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. Earnings per share has grown by 65%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Price Target Changed • May 27
Price target increased by 9.6% to CN¥17.77 Up from CN¥16.22, the current price target is an average from 2 analysts. New target price is 22% below last closing price of CN¥22.78. Stock is up 177% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.42 last year. New Risk • May 26
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 8.2% 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. Buy Or Sell Opportunity • May 20
Now 46% undervalued Over the last 90 days, the stock has risen 8.3% to CN¥18.16. The fair value is estimated to be CN¥33.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 65%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Declared Dividend • May 17
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥26.68, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 11x in the Logistics industry in China. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.79 per share. Board Change • Apr 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Dongyan Pan was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 23
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥9.63b to CN¥10.6b. EPS estimate increased from CN¥0.82 to CN¥0.933 per share. Net income forecast to grow 52% next year vs 24% growth forecast for Logistics industry in China. Consensus price target up from CN¥22.00 to CN¥24.00. Share price rose 6.8% to CN¥21.16 over the past week. Reported Earnings • Apr 14
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.62 (up from CN¥0.42 in FY 2024). Revenue: CN¥8.11b (up 20% from FY 2024). Net income: CN¥710.6m (up 46% from FY 2024). Profit margin: 8.8% (up from 7.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Jiangsu Azure Corporation, Annual General Meeting, May 06, 2026 Jiangsu Azure Corporation, Annual General Meeting, May 06, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhangjiagang, Jiangsu China Buy Or Sell Opportunity • Apr 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to CN¥19.12. The fair value is estimated to be CN¥15.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Announcement • Mar 31
Jiangsu Azure Corporation to Report Q1, 2026 Results on Apr 25, 2026 Jiangsu Azure Corporation announced that they will report Q1, 2026 results on Apr 25, 2026 Buy Or Sell Opportunity • Jan 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to CN¥18.49. The fair value is estimated to be CN¥15.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Announcement • Dec 31
Jiangsu Azure Corporation to Report Fiscal Year 2025 Results on Apr 14, 2026 Jiangsu Azure Corporation announced that they will report fiscal year 2025 results on Apr 14, 2026 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥18.38, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Logistics industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.52 per share. Buy Or Sell Opportunity • Nov 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to CN¥19.22. The fair value is estimated to be CN¥16.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.10 in 3Q 2024). Revenue: CN¥2.09b (up 18% from 3Q 2024). Net income: CN¥180.0m (up 57% from 3Q 2024). Profit margin: 8.6% (up from 6.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 32% 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
Jiangsu Azure Corporation to Report Q3, 2025 Results on Oct 28, 2025 Jiangsu Azure Corporation announced that they will report Q3, 2025 results on Oct 28, 2025 Buy Or Sell Opportunity • Sep 18
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 76% to CN¥20.43. The fair value is estimated to be CN¥16.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Price Target Changed • Aug 21
Price target increased by 10% to CN¥18.00 Up from CN¥16.33, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥17.30. Stock is up 129% over the past year. The company is forecast to post earnings per share of CN¥0.60 for next year compared to CN¥0.42 last year. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.084 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.084 in 2Q 2024). Revenue: CN¥2.00b (up 22% from 2Q 2024). Net income: CN¥191.4m (up 98% from 2Q 2024). Profit margin: 9.6% (up from 5.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.76, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Logistics industry in China. Total loss to shareholders of 2.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.75 per share. Announcement • Jul 02
Jiangsu Azure Corporation to Report First Half, 2025 Results on Aug 19, 2025 Jiangsu Azure Corporation announced that they will report first half, 2025 results on Aug 19, 2025 Buy Or Sell Opportunity • Jun 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to CN¥11.61. The fair value is estimated to be CN¥14.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. New Risk • Jun 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.061 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.061 in 1Q 2024). Revenue: CN¥1.73b (up 21% from 1Q 2024). Net income: CN¥141.7m (up 101% from 1Q 2024). Profit margin: 8.2% (up from 4.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 08
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.7% to CN¥11.64. The fair value is estimated to be CN¥15.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • Mar 31
Jiangsu Azure Corporation to Report Q1, 2025 Results on Apr 22, 2025 Jiangsu Azure Corporation announced that they will report Q1, 2025 results on Apr 22, 2025 Board Change • Mar 13
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. Employee Supervisor Yu Jing Zhu is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Mar 12
Price target increased by 21% to CN¥13.48 Up from CN¥11.15, the current price target is an average from 2 analysts. New target price is 15% below last closing price of CN¥15.82. Stock is up 87% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥0.42 last year. Announcement • Mar 12
Jiangsu Azure Corporation Proposes Dividend for the Year 2024 Jiangsu Azure Corporation proposed Cash dividend/10 shares (tax included) of CNY0.65000000 for the year 2024. Reported Earnings • Mar 11
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.42 (up from CN¥0.12 in FY 2023). Revenue: CN¥6.76b (up 29% from FY 2023). Net income: CN¥487.8m (up 246% from FY 2023). Profit margin: 7.2% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 11
Jiangsu Azure Corporation, Annual General Meeting, Apr 02, 2025 Jiangsu Azure Corporation, Annual General Meeting, Apr 02, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhangjiagang, Jiangsu China Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.11, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 12x in the Logistics industry in China. Total loss to shareholders of 30% over the past three years. Announcement • Feb 12
Jiangsu Azure Corporation Elects Pan Dongyan as Independent Director Jiangsu Azure Corporation elected Pan Dongyan as an independent director, at its EGM held on 10 February 2025. New Risk • Jan 14
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 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥13.60, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Logistics industry in China. Total loss to shareholders of 41% over the past three years. Announcement • Dec 31
Jiangsu Azure Corporation to Report Fiscal Year 2024 Results on Mar 11, 2025 Jiangsu Azure Corporation announced that they will report fiscal year 2024 results on Mar 11, 2025 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥11.89, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Logistics industry in China. Total loss to shareholders of 59% over the past three years. New Risk • Oct 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.099 (vs CN¥0.053 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.099 (up from CN¥0.053 in 3Q 2023). Revenue: CN¥1.77b (up 23% from 3Q 2023). Net income: CN¥114.5m (up 86% from 3Q 2023). Profit margin: 6.5% (up from 4.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Jiangsu Azure Corporation to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu Azure Corporation announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.11, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Logistics industry in China. Total loss to shareholders of 61% over the past three years. New Risk • Jul 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: CN¥0.084 (vs CN¥0.047 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.084 (up from CN¥0.047 in 2Q 2023). Revenue: CN¥1.64b (up 28% from 2Q 2023). Net income: CN¥96.7m (up 78% from 2Q 2023). Profit margin: 5.9% (up from 4.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Jiangsu Azure Corporation to Report First Half, 2024 Results on Jul 23, 2024 Jiangsu Azure Corporation announced that they will report first half, 2024 results on Jul 23, 2024 Announcement • Jun 01
Jiangsu Azure Corporation Announces Dividend of A Shares for the Year 2023, Payable on 07 June 2024 Jiangsu Azure Corporation announced cash dividend/10 shares (tax included) of CNY 0.15000000 of A shares for the year 2023. Record date is 06 June 2024. Ex-date is 07 June 2024. Payment date is 07 June 2024. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.37, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Logistics industry in China. Total loss to shareholders of 37% over the past three years. Announcement • Apr 05
Jiangsu Azure Corporation Proposes Final Cash Dividend for the Year 2023 Jiangsu Azure Corporation proposed final cash dividend of CNY 0.15 per 10 shares (tax included) for the year 2023. Announcement • Apr 03
Jiangsu Azure Corporation, Annual General Meeting, Apr 24, 2024 Jiangsu Azure Corporation, Annual General Meeting, Apr 24, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhangjiagang, Jiangsu China Reported Earnings • Apr 03
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.35 in FY 2022). Revenue: CN¥5.22b (down 17% from FY 2022). Net income: CN¥140.8m (down 63% from FY 2022). Profit margin: 2.7% (down from 6.0% in FY 2022). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Jiangsu Azure Corporation to Report Q1, 2024 Results on Apr 20, 2024 Jiangsu Azure Corporation announced that they will report Q1, 2024 results on Apr 20, 2024 Price Target Changed • Feb 27
Price target decreased by 8.7% to CN¥10.50 Down from CN¥11.50, the current price target is an average from 2 analysts. New target price is 35% above last closing price of CN¥7.75. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.35 last year. Announcement • Dec 30
Jiangsu Azure Corporation to Report Fiscal Year 2023 Results on Mar 26, 2024 Jiangsu Azure Corporation announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 660% 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 (1.6% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.053 (vs CN¥0.046 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.053 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥1.45b (up 7.6% from 3Q 2022). Net income: CN¥61.5m (up 17% from 3Q 2022). Profit margin: 4.3% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 35% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥6.35b to CN¥6.05b. EPS estimate also fell from CN¥0.386 per share to CN¥0.25 per share. Net income forecast to grow 500% next year vs 28% growth forecast for Logistics industry in China. Consensus price target down from CN¥11.78 to CN¥11.33. Share price rose 4.8% to CN¥9.24 over the past week. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥6.86b to CN¥6.38b. EPS estimate also fell from CN¥0.472 per share to CN¥0.412 per share. Net income forecast to grow 826% next year vs 33% growth forecast for Logistics industry in China. Consensus price target of CN¥11.67 unchanged from last update. Share price fell 3.1% to CN¥10.11 over the past week. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.047 (vs CN¥0.14 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.047 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥1.28b (down 35% from 2Q 2022). Net income: CN¥54.2m (down 64% from 2Q 2022). Profit margin: 4.2% (down from 7.7% in 2Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Board Change • Aug 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. 6 experienced directors. No highly experienced directors. Independent Director Chengbao Cao was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 06
Jiangsu Azure Corporation Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 11 July 2023 Jiangsu Azure Corporation announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.35000000 for the year 2022, payable on 11 July 2023. Record date is 10 July 2023. Ex-date is 11 July 2023. Announcement • Jul 01
Jiangsu Azure Corporation to Report First Half, 2023 Results on Aug 15, 2023 Jiangsu Azure Corporation announced that they will report first half, 2023 results on Aug 15, 2023 Major Estimate Revision • May 17
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥7.15b to CN¥6.76b. EPS estimate also fell from CN¥0.43 per share to CN¥0.33 per share. Net income forecast to grow 170% next year vs 32% growth forecast for Logistics industry in China. Consensus price target down from CN¥21.00 to CN¥11.00. Share price was steady at CN¥11.15 over the past week. Reported Earnings • Apr 26
First quarter 2023 earnings released: CN¥0.011 loss per share (vs CN¥0.19 profit in 1Q 2022) First quarter 2023 results: CN¥0.011 loss per share (down from CN¥0.19 profit in 1Q 2022). Revenue: CN¥973.8m (down 47% from 1Q 2022). Net loss: CN¥12.5m (down 106% from profit in 1Q 2022). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Logistics 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 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.30, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Logistics industry in China. Total returns to shareholders of 212% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.33 per share. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥14.54, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Logistics industry in China. Total returns to shareholders of 260% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.82 per share. Price Target Changed • Nov 16
Price target increased to CN¥39.60 Up from CN¥5.85, the current price target is provided by 1 analyst. New target price is 141% above last closing price of CN¥16.44. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥0.85 for next year compared to CN¥0.65 last year. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Logistics industry in China. Total returns to shareholders of 379% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.046 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥1.34b (down 19% from 3Q 2021). Net income: CN¥52.8m (down 68% from 3Q 2021). Profit margin: 3.9% (down from 10.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 57% per year whereas the company’s share price has increased by 60% per year. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥16.78, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Logistics industry in China. Total returns to shareholders of 351% over the past three years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥1.96b (up 21% from 2Q 2021). Net income: CN¥150.7m (down 16% from 2Q 2021). Profit margin: 7.7% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 68%, compared to a 23% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥21.76, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Logistics industry in China. Total returns to shareholders of 406% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.16 in 1Q 2021). Revenue: CN¥1.84b (up 26% from 1Q 2021). Net income: CN¥200.2m (up 25% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 57%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to CN¥35.67 Up from CN¥5.85, the current price target is an average from 6 analysts. New target price is 102% above last closing price of CN¥17.69. Stock is up 44% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥0.65 last year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Xiang Yang Wu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥18.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Logistics industry in China. Total returns to shareholders of 239% over the past three years. Announcement • Apr 14
Jiangsu Azure Corporation Announces Dividend for 2021, Payment Date Is 21 April 2022 Jiangsu Azure Corporation announced Cash dividend/10 shares (tax included): CNY0.70000000. Record date is 20 April 2022, Ex-date is 21 April 2022, Payment date is 21 April 2022. Announcement • Apr 13
Jiangsu Azure Corporation Approves Cash Dividend for 2021 Jiangsu Azure Corporation held its Annual General Meeting of 2021 on 11 April 2022 and approved the Cash dividend/10 shares (tax included) of CNY 0.70000000 for 2021. Major Estimate Revision • Mar 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥8.09b to CN¥10.0b. EPS estimate unchanged from CN¥0.93 at last update. Logistics industry in China expected to see average net income growth of 40% next year. Consensus price target of CN¥37.00 unchanged from last update. Share price fell 4.5% to CN¥22.23 over the past week. Reported Earnings • Mar 10
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.66 (up from CN¥0.28 in FY 2020). Revenue: CN¥6.68b (up 57% from FY 2020). Net income: CN¥674.0m (up 143% from FY 2020). Profit margin: 10% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 21%, compared to a 33% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year and the company’s share price has also increased by 58% per year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥18.28, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Logistics industry in China. Total returns to shareholders of 234% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.38 per share. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥28.04, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Logistics industry in China. Total returns to shareholders of 561% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.65 per share.