Announcement • Jun 30
Cre8 Direct (NingBo) Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Cre8 Direct (NingBo) Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Declared Dividend • May 25
Dividend reduced to CN¥0.08 Dividend of CN¥0.08 is 47% lower than last year. Ex-date: 26th May 2026 Payment date: 26th May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Apr 16
Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 08, 2026 Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: 2F, No. 688, Renmin North Road, Beilun District, Ningbo, Zhejiang China Announcement • Mar 31
Cre8 Direct (NingBo) Co., Ltd. to Report Q1, 2026 Results on Apr 17, 2026 Cre8 Direct (NingBo) Co., Ltd. announced that they will report Q1, 2026 results on Apr 17, 2026 Buy Or Sell Opportunity • Mar 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to CN¥18.36. The fair value is estimated to be CN¥23.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Buy Or Sell Opportunity • Feb 12
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at CN¥27.71. The fair value is estimated to be CN¥22.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Buy Or Sell Opportunity • Jan 28
Now 20% overvalued Over the last 90 days, the stock has fallen 4.0% to CN¥26.32. The fair value is estimated to be CN¥21.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Buy Or Sell Opportunity • Jan 12
Now 24% overvalued Over the last 90 days, the stock has fallen 9.9% to CN¥27.09. The fair value is estimated to be CN¥21.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Announcement • Dec 31
Cre8 Direct (NingBo) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Cre8 Direct (NingBo) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Buy Or Sell Opportunity • Dec 19
Now 28% overvalued Over the last 90 days, the stock has fallen 15% to CN¥28.22. The fair value is estimated to be CN¥21.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Buy Or Sell Opportunity • Nov 07
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to CN¥27.02. The fair value is estimated to be CN¥22.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.12 in 3Q 2024). Revenue: CN¥605.2m (up 9.3% from 3Q 2024). Net income: CN¥29.9m (up 34% from 3Q 2024). Profit margin: 4.9% (up from 4.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry 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 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Cre8 Direct (NingBo) Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Cre8 Direct (NingBo) Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥31.46, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Forestry industry in China. Total returns to shareholders of 201% over the past three years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥28.65, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Forestry industry in China. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥25.02, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Forestry industry in China. Total returns to shareholders of 160% over the past three years. Announcement • Jul 02
Cre8 Direct (NingBo) Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Cre8 Direct (NingBo) Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥22.95, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Forestry industry in China. Total returns to shareholders of 165% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥24.43, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Forestry industry in China. Total returns to shareholders of 186% over the past three years. Declared Dividend • May 21
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 26th May 2025 Payment date: 26th May 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 131% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥19.02, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Forestry industry in China. Total returns to shareholders of 137% over the past three years. Announcement • Apr 23
Cre8 Direct (Ningbo) Co., Ltd. Proposes Final Cash Dividend for the Year 2024 On April 22, 2025, Cre8 Direct (NingBo) Co., Ltd. proposed final cash dividend (tax included) of CNY 1.50000000 per ten shares for the year 2024. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.036 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.036 in 1Q 2024). Revenue: CN¥454.5m (up 40% from 1Q 2024). Net income: CN¥20.5m (up 218% from 1Q 2024). Profit margin: 4.5% (up from 2.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 13, 2025 Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: 2F, No. 688, Renmin North Road, Beilun District, Ningbo, Zhejiang China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥11.05, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Forestry industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Mar 31
Cre8 Direct (NingBo) Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Cre8 Direct (NingBo) Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥13.71, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Forestry industry in China. Total returns to shareholders of 32% over the past three years. Announcement • Dec 31
Cre8 Direct (NingBo) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Cre8 Direct (NingBo) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥16.42, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 32x in the Forestry industry in China. Total returns to shareholders of 54% over the past three years. New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥10.99, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 27x in the Forestry industry in China. Total returns to shareholders of 3.8% over the past three years. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2023). Revenue: CN¥553.5m (up 63% from 3Q 2023). Net income: CN¥22.2m (down 9.2% from 3Q 2023). Profit margin: 4.0% (down from 7.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Cre8 Direct (NingBo) Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Cre8 Direct (NingBo) Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥9.08, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 21x in the Forestry industry in China. Total loss to shareholders of 3.6% over the past three years. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.28 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.28 in 2Q 2023). Revenue: CN¥506.9m (up 24% from 2Q 2023). Net income: CN¥31.0m (down 40% from 2Q 2023). Profit margin: 6.1% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Cre8 Direct (NingBo) Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Cre8 Direct (NingBo) Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Declared Dividend • May 18
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 23rd May 2024 Payment date: 23rd May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • May 12
Cre8 Direct (Ningbo) Co., Ltd. Approves Cash Dividend for the Year 2023 Cre8 Direct (NingBo) Co., Ltd. approved Cash dividend/10 shares (tax included) is CNY 1.50000000 for the year 2023, at the AGM held on May 9, 2024. Announcement • Apr 20
Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 09, 2024 Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 09, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥7.30, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 26x in the Forestry industry in China. Total loss to shareholders of 24% over the past three years. Announcement • Mar 30
Cre8 Direct (NingBo) Co., Ltd. to Report Q1, 2024 Results on Apr 19, 2024 Cre8 Direct (NingBo) Co., Ltd. announced that they will report Q1, 2024 results on Apr 19, 2024 Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.41 in FY 2022) Full year 2023 results: EPS: CN¥0.42 (up from CN¥0.41 in FY 2022). Revenue: CN¥1.36b (up 3.0% from FY 2022). Net income: CN¥76.6m (up 2.2% from FY 2022). Profit margin: 5.6% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.15, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 27x in the Forestry industry in China. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.36, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 31x in the Forestry industry in China. Total loss to shareholders of 4.1% over the past three years. Announcement • Jan 12
Cre8 Direct (Ningbo) Co., Ltd. Approves the Election of Directors Cre8 Direct (NingBo) Co., Ltd. held its 1st Extraordinary General Meeting of 2024 on 10 January 2024, during which the following proposal(s) was/were approved the election of Wang Guiqiang as non-independent director and Hu Liming as independent director, Cheng Xiaomin as independent director. Announcement • Dec 29
Cre8 Direct (NingBo) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Cre8 Direct (NingBo) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.16 in 3Q 2022). Revenue: CN¥340.3m (up 15% from 3Q 2022). Net income: CN¥24.5m (down 16% from 3Q 2022). Profit margin: 7.2% (down from 9.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.28 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥410.5m (down 6.0% from 2Q 2022). Net income: CN¥51.8m (down 7.1% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). 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 13% per year, which means it is performing significantly worse than earnings. Announcement • Jul 01
Cre8 Direct (NingBo) Co., Ltd. to Report First Half, 2023 Results on Aug 17, 2023 Cre8 Direct (NingBo) Co., Ltd. announced that they will report first half, 2023 results on Aug 17, 2023 Announcement • May 20
Cre8 Direct (NingBo) Co., Ltd. Announces Final Dividend for 2022, Payable on 26 May 2023 Cre8 Direct (NingBo) Co., Ltd. announced final cash dividend of CNY 1.50000000 per 10 shares (tax included) for 2022. Record date is 25 May 2023. Ex-date is 26 May 2023. Payment date is 26 May 2023. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.16, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 23x in the Forestry industry in China. Total loss to shareholders of 10% over the past three years. Reported Earnings • Apr 16
Full year 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.05 in FY 2021) Full year 2022 results: EPS: CN¥0.41 (up from CN¥0.05 in FY 2021). Revenue: CN¥1.32b (down 4.6% from FY 2021). Net income: CN¥74.9m (up CN¥65.5m from FY 2021). Profit margin: 5.7% (up from 0.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Jianfeng Jiang was the last director to join the board, commencing their role in 2022. 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 • Nov 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥11.32, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 25x in the Forestry industry in China. Total loss to shareholders of 7.8% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.094 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.094 in 3Q 2021). Revenue: CN¥296.6m (down 28% from 3Q 2021). Net income: CN¥29.3m (up 72% from 3Q 2021). Profit margin: 9.9% (up from 4.2% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥11.88, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 23x in the Forestry industry in China. Total returns to shareholders of 13% over the past three years. Board Change • Sep 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Jianfeng Jiang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.001 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.001 loss in 2Q 2021). Revenue: CN¥436.5m (up 45% from 2Q 2021). Net income: CN¥55.8m (up CN¥56.0m from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 21
Cre8 Direct (Ningbo) Co., Ltd. Announces Cash Dividend for A Shares for the Year 2021, Payable on 27 May 2022 Cre8 Direct (NingBo) Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 0.50000000 for A shares for the year 2021. Record date is 26 May 2022. Ex-date is 27 May 2022. Payment date is 27 May 2022. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.05 (vs CN¥0.29 in FY 2020) Full year 2021 results: EPS: CN¥0.05 (down from CN¥0.29 in FY 2020). Revenue: CN¥1.38b (up 27% from FY 2020). Net income: CN¥9.47m (down 82% from FY 2020). Profit margin: 0.7% (down from 4.8% in FY 2020). 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 10% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 12, 2022 Cre8 Direct (NingBo) Co., Ltd., Annual General Meeting, May 12, 2022, at 14:00 China Standard Time. Agenda: To consider the 2021 work report of the board of directors; to consider the 2021 work report of the supervisory committee; to consider the 2021 annual accounts; to consider the 2021 annual report and its summary; to consider the 2021 profit distribution plan; to consider the confirmation of 2021 remuneration for directors and 2022 remuneration plan; to consider the confirmation of 2021 remuneration for supervisors and 2022 remuneration plan; to consider the 2022 application for credit line to banks and other financial institutions by the Company and its subsidiaries and guarantee matters; to consider the additional quota of foreign exchange hedging transactions; to consider the feasibility analysis report on launching foreign exchange hedging business; to consider the by-election of non-employee supervisors; to consider the by-lection of non-independent directors; and to consider the other matters. Announcement • Apr 23
Cre8 Direct (NingBo) Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Cre8 Direct (NingBo) Co., Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Oct 21
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥410.3m (up 20% from 3Q 2020). Net income: CN¥17.1m (down 33% from 3Q 2020). Profit margin: 4.2% (down from 7.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% 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. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥10.23, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 24x in the Forestry industry in China. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥12.14, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 25x in the Forestry industry in China. Total returns to shareholders of 26% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: CN¥0.001 loss per share (vs CN¥0.18 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥300.2m (down 15% from 2Q 2020). Net loss: CN¥238.7k (down 101% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% 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 • May 08
Cre8 Direct (Ningbo) Co., Ltd. Approves Dividend for the Year 2020 Cre8 Direct (NingBo) Co., Ltd. at its annual general meeting held on May 6, 2021, approved dividend of CNY 1.50000000 for the year 2020. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.65 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.31b (up 41% from FY 2019). Net income: CN¥49.0m (down 58% from FY 2019). Profit margin: 3.7% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Cre8 Direct (NingBo) Co., Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021 Cre8 Direct (NingBo) Co., Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021 Is New 90 Day High Low • Jan 25
New 90-day low: CN¥9.50 The company is down 30% from its price of CN¥13.52 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥10.64 The company is down 15% from its price of CN¥12.51 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 5.0% over the same period. Announcement • Dec 23
Cre8 Direct (Ningbo) Co., Ltd. Announces Executive Appointments Cre8 Direct (NingBo) Co., Ltd. announced at the Extraordinary General Meeting held on December 21, 2020 that the company has approved election of non-independent directors: Ren Zhaoguo; Chai Xiaohai; Chen Jia; Wang Xianyu; Liu Chen and election of independent directors: Luo Guofang; Ma Shaolong and Xie Zuoshi. Is New 90 Day High Low • Dec 08
New 90-day low: CN¥11.17 The company is down 26% from its price of CN¥15.15 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: CN¥12.33 The company is down 15% from its price of CN¥14.49 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 4.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥70.0m, down 39% from the prior year. Total revenue was CN¥1.04b over the last 12 months, up 14% from the prior year. Announcement • Jul 17
Cre8 Direct (NingBo) Co., Ltd. to Report First Half, 2020 Results on Jul 28, 2020 Cre8 Direct (NingBo) Co., Ltd. announced that they will report first half, 2020 results on Jul 28, 2020