Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥18.60, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 27x in the Commercial Services industry in China. Total loss to shareholders of 42% over the past three years. Announcement • Jun 30
JiangSu JiuWu Hi-Tech Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥22.37, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 31x in the Commercial Services industry in China. Total loss to shareholders of 33% over the past three years. Announcement • May 30
Jiangsu Jiuwu Hi-Tech Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented (A Shares) for the Year 2025, Payable on June 3, 2026 JiangSu JiuWu Hi-Tech Co., Ltd. announced final profit distribution plan to be implemented (A shares) for the year 2025: Cash dividend/10 shares (tax included): CNY 2.50000000. Record date: 02 June 2026, Ex-date: 03 June 2026,
Payment date: 03 June 2026. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.13 (down from CN¥0.15 in 1Q 2025). Revenue: CN¥126.4m (up 46% from 1Q 2025). Net income: CN¥15.8m (down 10% from 1Q 2025). Profit margin: 13% (down from 20% in 1Q 2025). The decrease in margin was 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 fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 23
JiangSu JiuWu Hi-Tech Co., Ltd., Annual General Meeting, May 20, 2026 JiangSu JiuWu Hi-Tech Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Announcement • Mar 31
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 4.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Dec 31
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Oct 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.063 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.08 (up from CN¥0.063 in 3Q 2024). Revenue: CN¥103.4m (up 4.0% from 3Q 2024). Net income: CN¥9.84m (up 17% from 3Q 2024). Profit margin: 9.5% (up from 8.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Announcement • Sep 30
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.59, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 19x in the Commercial Services industry in China. Total returns to shareholders of 49% over the past three years. Announcement • Sep 05
JiangSu JiuWu Hi-Tech Co., Ltd. Approves the Election of Yuan Ya as Independent Director JiangSu JiuWu Hi-Tech Co., Ltd. at its Extraordinary General Meeting held on 03 September 2025 approved the election of Yuan Ya as independent director. New Risk • Aug 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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 (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.018 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.018 loss in 2Q 2024). Revenue: CN¥184.0m (up 53% from 2Q 2024). Net income: CN¥21.0m (up CN¥23.2m from 2Q 2024). Profit margin: 11% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.96, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Commercial Services industry in China. Total returns to shareholders of 2.2% over the past three years. Announcement • Jul 02
JiangSu JiuWu Hi-Tech Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 New Risk • May 19
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 9.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥24.58, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Commercial Services industry in China. Total loss to shareholders of 12% over the past three years. New Risk • Apr 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Apr 23
Jiangsu Jiuwu Hi-Tech Co., Ltd. Proposes Final Cash Dividend for the Year 2024 JiangSu JiuWu Hi-Tech Co., Ltd. proposed final cash dividend of CNY 1.80000000 per 10 shares for the year 2024. Reported Earnings • Apr 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.43 (up from CN¥0.37 in FY 2023). Revenue: CN¥533.3m (down 30% from FY 2023). Net income: CN¥53.0m (up 17% from FY 2023). Profit margin: 9.9% (up from 6.0% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 22
JiangSu JiuWu Hi-Tech Co., Ltd., Annual General Meeting, May 20, 2025 JiangSu JiuWu Hi-Tech Co., Ltd., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥17.54, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Commercial Services industry in China. Total loss to shareholders of 39% over the past three years. Announcement • Mar 31
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Dec 31
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: CN¥0.063 (vs CN¥0.019 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.063 (up from CN¥0.019 in 3Q 2023). Revenue: CN¥99.4m (down 32% from 3Q 2023). Net income: CN¥8.45m (up 270% from 3Q 2023). Profit margin: 8.5% (up from 1.6% in 3Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 19% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥19.82, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Commercial Services industry in China. Total loss to shareholders of 47% over the past three years. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Q3, 2024 Results on Oct 22, 2024 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report Q3, 2024 results on Oct 22, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥21.60, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Commercial Services industry in China. Total loss to shareholders of 44% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.018 loss per share (vs CN¥0.033 profit in 2Q 2023) Second quarter 2024 results: CN¥0.018 loss per share (down from CN¥0.033 profit in 2Q 2023). Revenue: CN¥120.1m (down 40% from 2Q 2023). Net loss: CN¥2.18m (down 153% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • May 25
Jiangsu Jiuwu Hi-Tech Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), payable on 30 May 2024 JiangSu JiuWu Hi-Tech Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) and Cash dividend/10 shares (tax included) of CNY 1.80000000. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024. Reported Earnings • Apr 29
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.042 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.042 in 1Q 2023). Revenue: CN¥81.1m (down 40% from 1Q 2023). Net income: CN¥14.0m (up 172% from 1Q 2023). Profit margin: 17% (up from 3.8% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Apr 18
New major risk - Revenue and earnings growth Earnings have declined by 2.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥18.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Commercial Services industry in China. Negligible returns to shareholders over past three years. Announcement • Mar 30
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 New Risk • Mar 09
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. Announcement • Mar 06
JiangSu JiuWu Hi-Tech Co., Ltd., Annual General Meeting, Apr 12, 2024 JiangSu JiuWu Hi-Tech Co., Ltd., Annual General Meeting, Apr 12, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu 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; to consider 2023 profit distribution plan; to consider Confirmation of 2023 remuneration for directors and 2024 remuneration plan; to consider Confirmation of 2023 remuneration for supervisors and 2024 remuneration plan; to consider Application for comprehensive credit line to banks; to consider Cash management with some idle raised funds and proprietary funds; to consider Authorization to the board to handle matters regarding the share offering to specific parties via a simplified procedure; and to consider other matters. Reported Earnings • Mar 05
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.37 (up from CN¥0.35 in FY 2022). Revenue: CN¥757.0m (up 2.1% from FY 2022). Net income: CN¥45.4m (up 4.8% from FY 2022). Profit margin: 6.0% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.0% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin). New Risk • Feb 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (5.4% net profit margin). New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥21.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Commercial Services industry in China. Total returns to shareholders of 44% over the past three years. Announcement • Dec 29
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Fiscal Year 2023 Results on Mar 05, 2024 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report fiscal year 2023 results on Mar 05, 2024 Announcement • Nov 08
JiangSu JiuWu Hi-Tech Co., Ltd. (SZSE:300631) announces an Equity Buyback for CNY 50 million worth of its shares. JiangSu JiuWu Hi-Tech Co., Ltd. (SZSE:300631) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not be more than CNY 38 per share. The shares repurchased ill be used for ESOP or equity incentives. The program is valid for 6 months. Reported Earnings • Oct 23
Third quarter 2023 earnings released: EPS: CN¥0.019 (vs CN¥0.085 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.019 (down from CN¥0.085 in 3Q 2022). Revenue: CN¥146.1m (down 40% from 3Q 2022). Net income: CN¥2.29m (down 78% from 3Q 2022). Profit margin: 1.6% (down from 4.3% in 3Q 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.032 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.033 (up from CN¥0.032 in 2Q 2022). Revenue: CN¥201.6m (up 26% from 2Q 2022). Net income: CN¥4.10m (up 3.5% from 2Q 2022). Profit margin: 2.0% (down from 2.5% in 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jul 06
Jiangsu Jiuwu Hi-Tech Co., Ltd. Announces Cash Dividend on A Shares, Payable on 07 July 2023 JiangSu JiuWu Hi-Tech Co., Ltd. announced cash dividend per ten A shares of CNY 0.70000000 (tax included) for 2022. Record date: 06 July 2023. Ex-date: 07 July 2023. Payment date: 07 July 2023. Announcement • Jul 01
JiangSu JiuWu Hi-Tech Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • May 19
JiangSu JiuWu Hi-Tech Co., Ltd. Approves 2022 Profit Distribution Plan JiangSu JiuWu Hi-Tech Co., Ltd. at its Annual General Meeting of 2022 on 15 May 2023 approved 2022 profit distribution plan. Cash dividend/10 shares (tax included): CNY 0.70000000. Reported Earnings • Apr 26
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.35 (down from CN¥0.63 in FY 2021). Revenue: CN¥741.3m (up 37% from FY 2021). Net income: CN¥43.3m (down 38% from FY 2021). Profit margin: 5.8% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 23% per year, 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 Shijie Hou 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 03
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥27.46, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 27x in the Commercial Services industry in China. Total returns to shareholders of 61% over the past three years. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.085 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.085 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥241.4m (up 72% from 3Q 2021). Net income: CN¥10.4m (down 9.8% from 3Q 2021). Profit margin: 4.3% (down from 8.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.032 (vs CN¥0.02 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.032 (up from CN¥0.02 in 2Q 2021). Revenue: CN¥159.8m (up 46% from 2Q 2021). Net income: CN¥3.96m (up 75% from 2Q 2021). Profit margin: 2.5% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 23
Jiangsu Jiuwu Hi-Tech Announces Management Appointments JiangSu JiuWu Hi-Tech Co., Ltd. held its 1st Extraordinary General Meeting of 2022 on 20 June 2022 approved election and nomination of Hou Shijie as non-independent directors, Zhu Yuhua, Wang Bing as independent directors; Huang Shufan as employee supervisors. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥31.25, the stock trades at a trailing P/E ratio of 56.4x. Average trailing P/E is 28x in the Commercial Services industry in China. Total returns to shareholders of 87% over the past three years. Announcement • May 12
JiangSu JiuWu Hi-Tech Co., Ltd. Announces Cash Dividend on A Shares, Payable on 17 May 2022 JiangSu JiuWu Hi-Tech Co., Ltd. announced cash dividend per ten A shares of CNY 1.50000000 (tax included) for 2021. Record date: 16 May 2022. Ex-date: 17 May 2022. Payment date: 17 May 2022. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.062 in 1Q 2021). Revenue: CN¥104.8m (up 39% from 1Q 2021). Net income: CN¥4.53m (down 32% from 1Q 2021). Profit margin: 4.3% (down from 8.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Chang Rong was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Chang Rong was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.63 (down from CN¥0.79 in FY 2020). Revenue: CN¥539.8m (up 1.6% from FY 2020). Net income: CN¥70.1m (down 15% from FY 2020). Profit margin: 13% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥46.03, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 30x in the Commercial Services industry in China. Total returns to shareholders of 183% over the past three years. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.12 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥140.5m (up 17% from 3Q 2020). Net income: CN¥11.6m (down 3.6% from 3Q 2020). Profit margin: 8.2% (down from 10.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥43.26, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 25x in the Commercial Services industry in China. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥43.09, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 23x in the Commercial Services industry in China. Total returns to shareholders of 140% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.13 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥109.9m (up 5.5% from 2Q 2020). Net income: CN¥2.27m (down 83% from 2Q 2020). Profit margin: 2.1% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥58.61, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 21x in the Commercial Services industry in China. Total returns to shareholders of 224% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 29% share price gain to CN¥55.80, the stock trades at a trailing P/E ratio of 71.9x. Average trailing P/E is 23x in the Commercial Services industry in China. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥27.38, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 22x in the Commercial Services industry in China. Total returns to shareholders of 31% over the past three years. Announcement • May 25
JiangSu JiuWu Hi-Tech Co., Ltd. Announces Final Cash Dividend for 2020, Payable on 28 May 2021 JiangSu JiuWu Hi-Tech Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.80000000 for the year 2020 on A shares. Record date: 27 May 2021; Ex-date: 28 May 2021; Payment date: 28 May 2021. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥20.93, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 22x in the Commercial Services industry in China. Total loss to shareholders of 26% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.062 (vs CN¥0.074 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥75.5m (up 11% from 1Q 2020). Net income: CN¥6.64m (down 13% from 1Q 2020). Profit margin: 8.8% (down from 11% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 13
Full year 2020 earnings released: EPS CN¥0.79 (vs CN¥0.54 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥531.3m (up 7.6% from FY 2019). Net income: CN¥82.7m (up 48% from FY 2019). Profit margin: 16% (up from 11% 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 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 25
JiangSu JiuWu Hi-Tech Co., Ltd. to Report Fiscal Year 2020 Results on Apr 13, 2021 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report fiscal year 2020 results on Apr 13, 2021 Is New 90 Day High Low • Feb 08
New 90-day low: CN¥14.51 The company is down 41% from its price of CN¥24.59 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 17% over the same period. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥17.09, the stock is trading at a trailing P/E ratio of 31.3x, up from the previous P/E ratio of 26.6x. This compares to an average P/E of 24x in the Commercial Services industry in China. Total return to shareholders over the past three years is a loss of 32%. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥17.05 The company is down 13% from its price of CN¥19.62 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 Commercial Services industry, which is down 5.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥18.77 The company is down 3.0% from its price of CN¥19.31 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 6.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥56.5m, up 1.2% from the prior year. Total revenue was CN¥495.7m over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 22
New 90-day high: CN¥22.81 The company is up 18% from its price of CN¥19.40 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is flat over the same period. Announcement • Aug 10
JiangSu JiuWu Hi-Tech Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 JiangSu JiuWu Hi-Tech Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 
