Announcement • 1h
Zhejiang Great Southeast Corp.Ltd to Report First Half, 2026 Results on Aug 29, 2026 Zhejiang Great Southeast Corp.Ltd announced that they will report first half, 2026 results on Aug 29, 2026 Buy Or Sell Opportunity • Jun 26
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to CN¥3.55. The fair value is estimated to be CN¥4.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has grown by 29%. Buy Or Sell Opportunity • Jun 11
Now 21% undervalued Over the last 90 days, the stock has risen 5.5% to CN¥3.84. The fair value is estimated to be CN¥4.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has grown by 29%. Buy Or Sell Opportunity • May 19
Now 20% undervalued Over the last 90 days, the stock has risen 15% to CN¥3.89. The fair value is estimated to be CN¥4.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has grown by 29%. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.01 in FY 2024) Full year 2025 results: EPS: CN¥0.01 (in line with FY 2024). Revenue: CN¥1.23b (down 7.2% from FY 2024). Net income: CN¥18.5m (flat on FY 2024). Profit margin: 1.5% (up from 1.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Apr 29
Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, May 19, 2026 Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China New Risk • Apr 10
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 8.4% 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. Announcement • Mar 31
Zhejiang Great Southeast Corp.Ltd to Report Q1, 2026 Results on Apr 30, 2026 Zhejiang Great Southeast Corp.Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Zhejiang Great Southeast Corp.Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Zhejiang Great Southeast Corp.Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.002 (vs CN¥0.003 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.002 (up from CN¥0.003 loss in 3Q 2024). Revenue: CN¥302.1m (down 8.5% from 3Q 2024). Net income: CN¥4.12m (up CN¥9.24m from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 30
Zhejiang Great Southeast Corp.Ltd to Report Q3, 2025 Results on Oct 31, 2025 Zhejiang Great Southeast Corp.Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Large one-off items impacting financial results. New Risk • Jul 03
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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Announcement • Jul 02
Zhejiang Great Southeast Corp.Ltd to Report First Half, 2025 Results on Aug 30, 2025 Zhejiang Great Southeast Corp.Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.01 in FY 2023) Full year 2024 results: EPS: CN¥0.01 (in line with FY 2023). Revenue: CN¥1.32b (flat on FY 2023). Net income: CN¥18.3m (down 11% from FY 2023). Profit margin: 1.4% (down from 1.6% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, May 16, 2025 Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China Announcement • Mar 31
Zhejiang Great Southeast Corp.Ltd to Report Q1, 2025 Results on Apr 30, 2025 Zhejiang Great Southeast Corp.Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Zhejiang Great Southeast Corp.Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Zhejiang Great Southeast Corp.Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.005 loss in 3Q 2023) Third quarter 2024 results: CN¥0.003 loss per share (improved from CN¥0.005 loss in 3Q 2023). Revenue: CN¥330.1m (flat on 3Q 2023). Net loss: CN¥5.12m (loss narrowed 59% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Zhejiang Great Southeast Corp.Ltd to Report Q3, 2024 Results on Oct 31, 2024 Zhejiang Great Southeast Corp.Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 16% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 29
Zhejiang Great Southeast Corp.Ltd to Report First Half, 2024 Results on Aug 30, 2024 Zhejiang Great Southeast Corp.Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.005 loss per share (vs CN¥0.004 profit in 1Q 2023) First quarter 2024 results: CN¥0.005 loss per share (down from CN¥0.004 profit in 1Q 2023). Revenue: CN¥311.3m (down 3.6% from 1Q 2023). Net loss: CN¥8.92m (down 227% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Zhejiang Great Southeast Corp.Ltd to Report Q1, 2024 Results on Apr 30, 2024 Zhejiang Great Southeast Corp.Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 16
Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, Apr 09, 2024 Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, Apr 09, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider appointment of 2024 financial audit firm and internal control audit firm; to consider 2023 remuneration for directors; to consider 2023 remuneration for supervisors; and to consider other matters. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.04 in FY 2022) Full year 2023 results: EPS: CN¥0.01 (down from CN¥0.04 in FY 2022). Revenue: CN¥1.33b (down 16% from FY 2022). Net income: CN¥20.7m (down 70% from FY 2022). Profit margin: 1.6% (down from 4.3% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 59% 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 • Dec 30
Zhejiang Great Southeast Corp.Ltd to Report Fiscal Year 2023 Results on Mar 15, 2024 Zhejiang Great Southeast Corp.Ltd announced that they will report fiscal year 2023 results on Mar 15, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.005 loss per share (vs CN¥0.02 profit in 3Q 2022) Third quarter 2023 results: CN¥0.005 loss per share (down from CN¥0.02 profit in 3Q 2022). Revenue: CN¥333.1m (down 11% from 3Q 2022). Net loss: CN¥12.3m (down 130% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.011 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.001 (down from CN¥0.011 in 2Q 2022). Revenue: CN¥334.9m (down 23% from 2Q 2022). Net income: CN¥1.05m (down 96% from 2Q 2022). Profit margin: 0.3% (down from 5.6% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 06
Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, May 23, 2023 Zhejiang Great Southeast Corp.Ltd, Annual General Meeting, May 23, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Appointment of 2023 financial audit firm and internal control audit firm; to consider 2022 remuneration for directors; to consider 2022 remuneration for supervisors; and to consider Amendments to the raised funds management measures. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.13 in FY 2021) Full year 2022 results: EPS: CN¥0.04 (down from CN¥0.13 in FY 2021). Revenue: CN¥1.60b (down 4.2% from FY 2021). Net income: CN¥70.3m (down 71% from FY 2021). Profit margin: 4.4% (down from 14% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 10 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Mingliang Zhou was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.03 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.02 (down from CN¥0.03 in 3Q 2021). Revenue: CN¥372.2m (down 21% from 3Q 2021). Net income: CN¥41.6m (down 33% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.011 (vs CN¥0.021 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.011 (down from CN¥0.021 in 2Q 2021). Revenue: CN¥434.3m (up 6.8% from 2Q 2021). Net income: CN¥24.2m (down 47% from 2Q 2021). Profit margin: 5.6% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Yefei Feng is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥4.04, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 37x in the Packaging industry in China. Total returns to shareholders of 121% 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 16% share price gain to CN¥3.47, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 30x in the Packaging industry in China. Total returns to shareholders of 97% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.02 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥468.8m (up 14% from 3Q 2020). Net income: CN¥61.8m (up 104% from 3Q 2020). Profit margin: 13% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥3.07, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 32x in the Packaging industry in China. Total returns to shareholders of 86% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.021 (vs CN¥0.015 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥406.5m (up 6.5% from 2Q 2020). Net income: CN¥45.2m (up 37% from 2Q 2020). Profit margin: 11% (up from 8.6% 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 119% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.032 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.51b (down 8.1% from FY 2019). Net income: CN¥181.2m (up 181% from FY 2019). Profit margin: 12% (up from 3.9% in FY 2019). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥3.07, the stock is trading at a trailing P/E ratio of 64x, down from the previous P/E ratio of 76.7x. This compares to an average P/E of 30x in the Packaging industry in China. Total returns to shareholders over the past three years are 7.0%. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥3.66, the stock is trading at a trailing P/E ratio of 76.3x, up from the previous P/E ratio of 61.7x. This compares to an average P/E of 27x in the Packaging industry in China. Total returns to shareholders over the past three years are 29%. Is New 90 Day High Low • Jan 14
New 90-day high: CN¥3.03 The company is up 16% from its price of CN¥2.61 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥2.88 The company is up 16% from its price of CN¥2.49 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 17% share price gain to CN¥2.85, the stock is trading at a trailing P/E ratio of 59.4x, up from the previous P/E ratio of 50.9x. This compares to an average P/E of 33x in the Packaging industry in China. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥2.40 The company is down 10.0% from its price of CN¥2.66 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 Packaging industry, which is down 1.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥104.1m, up 53% from the prior year. Total revenue was CN¥1.51b over the last 12 months, down 4.1% from the prior year. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥104.1m, up 53% from the prior year. Total revenue was CN¥1.51b over the last 12 months, down 4.1% from the prior year. Announcement • Oct 16
Zhejiang Great Southeast Corp.Ltd to Report Q3, 2020 Results on Oct 23, 2020 Zhejiang Great Southeast Corp.Ltd announced that they will report Q3, 2020 results on Oct 23, 2020 Announcement • Aug 12
Zhejiang Great Southeast Corp.Ltd to Report First Half, 2020 Results on Aug 28, 2020 Zhejiang Great Southeast Corp.Ltd announced that they will report first half, 2020 results on Aug 28, 2020 