Announcement • Jun 30
Jinzi Ham Co.,Ltd. to Report First Half, 2026 Results on Jul 31, 2026 Jinzi Ham Co.,Ltd. announced that they will report first half, 2026 results on Jul 31, 2026 New Risk • Jun 02
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (4.5% net profit margin). Announcement • May 29
Jinzi Ham Co.,Ltd. Announces Final Profit Distribution on A Shares for the Year 2025, Payable on June 2, 2026 Jinzi Ham Co.,Ltd. announced final profit distribution of CNY 0.10000000 per 10 shares on A shares (tax included) for the year 2025. Record date: 01 June 2026, Ex-date: 02 June 2026 and Payment date: 02 June 2026. New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 0.2% 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 0.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin). New Risk • Apr 28
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 Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.0% net profit margin). Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.05 in FY 2024) Full year 2025 results: EPS: CN¥0.02 (down from CN¥0.05 in FY 2024). Revenue: CN¥316.9m (down 7.8% from FY 2024). Net income: CN¥25.3m (down 59% from FY 2024). Profit margin: 8.0% (down from 18% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Apr 28
Jinzi Ham Co.,Ltd., Annual General Meeting, May 18, 2026 Jinzi Ham Co.,Ltd., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jinhua, Zhejiang China Announcement • Mar 31
Jinzi Ham Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Jinzi Ham Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Jinzi Ham Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Jinzi Ham Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.001 loss per share (vs CN¥0 in 3Q 2024) Third quarter 2025 results: CN¥0.001 loss per share (further deteriorated from CN¥0 in 3Q 2024). Revenue: CN¥52.6m (down 11% from 3Q 2024). Net loss: CN¥905.8k (loss widened 19% from 3Q 2024). 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 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 27
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 7.5% 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: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Sep 30
Jinzi Ham Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Jinzi Ham Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Jinzi Ham Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Jinzi Ham Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Upcoming Dividend • May 01
Upcoming dividend of CN¥0.03 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (2.5%). New Risk • Apr 22
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: 0.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 02
Jinzi Ham Co.,Ltd. Proposes Final Cash Dividend for 2024 Jinzi Ham Co.,Ltd. proposed final cash dividend of CNY 0.30000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.04 in FY 2023) Full year 2024 results: EPS: CN¥0.05 (up from CN¥0.04 in FY 2023). Revenue: CN¥343.9m (up 9.6% from FY 2023). Net income: CN¥62.2m (up 55% from FY 2023). Profit margin: 18% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Announcement • Apr 01
Jinzi Ham Co.,Ltd., Annual General Meeting, Apr 22, 2025 Jinzi Ham Co.,Ltd., Annual General Meeting, Apr 22, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jinhua, Zhejiang China Announcement • Mar 31
Jinzi Ham Co.,Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Jinzi Ham Co.,Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Announcement • Dec 31
Jinzi Ham Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Jinzi Ham Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Announcement • Nov 13
Gongqingcheng Liheng Investment Partnership Enterprise (Limited Partnership) agreed to acquire 12.28% stake in Zhejiang Yindun Cloud Technology Co., Ltd. from Jinzi Ham Co.,Ltd. (SZSE:002515) for approximately CNY 430 million. Gongqingcheng Liheng Investment Partnership Enterprise (Limited Partnership) agreed to acquire 12.28% stake in Zhejiang Yindun Cloud Technology Co., Ltd. from Jinzi Ham Co.,Ltd. (SZSE:002515) for approximately CNY 430 million on November 11, 2024. A cash consideration of CNY 428.02 million will be paid by Gongqingcheng Liheng Investment Partnership Enterprise (Limited Partnership). As of October 31, 2024 Zhejiang Yindun Cloud Technology Co., Ltd. had net assets of CNY 1.130 billion and total assets of CNY 10.466 billion. The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0 (vs CN¥0 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0 (in line with 3Q 2023). Revenue: CN¥59.4m (up 4.0% from 3Q 2023). Net loss: CN¥758.4k (down 225% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Jinzi Ham Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Jinzi Ham Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.008 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.008 (in line with 2Q 2023). Revenue: CN¥66.0m (up 17% from 2Q 2023). Net income: CN¥6.96m (up 19% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Jinzi Ham Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Jinzi Ham Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 01
Dividend of CN¥0.02 announced Dividend of CN¥0.02 is the same as last year. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (48% 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 increased by an average of 8.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 31
Jinzi Ham Co.,Ltd. Announces Final Cash Dividend on A Shares for 2023, Payable on 06 June 2024 Jinzi Ham Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares of (tax included): CNY 0.20000000. Record date is 05 June 2024. Ex-date is 06 June 2024. Payment date is 06 June 2024. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (in line with 1Q 2023). Revenue: CN¥133.0m (up 11% from 1Q 2023). Net income: CN¥23.6m (up 13% from 1Q 2023). Profit margin: 18% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Jinzi Ham Co.,Ltd., Annual General Meeting, May 28, 2024 Jinzi Ham Co.,Ltd., Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jinhua, Zhejiang China Announcement • Mar 30
Jinzi Ham Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Jinzi Ham Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Announcement • Dec 30
Jinzi Ham Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Jinzi Ham Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0 (vs CN¥0.005 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0 (down from CN¥0.005 in 3Q 2022). Revenue: CN¥57.1m (down 15% from 3Q 2022). Net income: CN¥605.1k (down 87% from 3Q 2022). Profit margin: 1.1% (down from 7.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% 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. New Risk • Sep 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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. Shareholders have been diluted in the past year (29% increase in shares outstanding). Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.008 (vs CN¥0.032 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.008 (down from CN¥0.032 in 2Q 2022). Revenue: CN¥56.6m (down 57% from 2Q 2022). Net income: CN¥5.84m (down 77% from 2Q 2022). Profit margin: 10% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. 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 11% per year, which means it has not declined as severely as earnings. Announcement • May 18
Jinzi Ham Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on May 24, 2023 Jinzi Ham Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.20000000 on A shares for the year 2022. Record date is May 23, 2023. Ex-date is May 24, 2023. Payment date is May 24, 2023. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.02 (in line with 1Q 2022). Revenue: CN¥119.9m (down 13% from 1Q 2022). Net income: CN¥20.9m (down 5.8% from 1Q 2022). Profit margin: 17% (up from 16% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Wei Liu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.008 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.005 (up from CN¥0.008 loss in 3Q 2021). Revenue: CN¥67.4m (down 15% from 3Q 2021). Net income: CN¥4.79m (up CN¥12.6m from 3Q 2021). Profit margin: 7.1% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Announcement • Oct 14
Jinzi Ham Co.,Ltd. announced that it expects to receive CNY 1.05 billion in funding Jinzi Ham Co.,Ltd. announced a private placement of common shares for gross proceeds of CNY 1,050,000,000 on October 13, 2022. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.032 (vs CN¥0.005 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.032 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥132.3m (up 86% from 2Q 2021). Net income: CN¥25.7m (up 468% from 2Q 2021). Profit margin: 19% (up from 6.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Employee Representative to the Supervisory Board Li Dan Zhang is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 21
Jinzi Ham Co.,Ltd. Implements A Shares Final Cash Distribution for 2021, Payable on 28 April 2022 Jinzi Ham Co.,Ltd. implemented A shares final cash distribution of CNY 0.20000000 per 10 shares for 2021. Record date: 27 April 2022. Ex-date: 28 April 2022. Payment date: 28 April 2022. Announcement • Apr 19
Jinzi Ham Co.,Ltd. Approves Cash Dividend Jinzi Ham Co.,Ltd. announced that at the Annual General Meeting held on 15 April 2022, approved cash dividend (tax included) of CNY 0.20000000 per ten shares. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.05 (down from CN¥0.06 in FY 2020). Revenue: CN¥505.9m (down 29% from FY 2020). Net income: CN¥42.9m (down 28% from FY 2020). Profit margin: 8.5% (up from 8.3% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Feb 15
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Employee Representative to the Supervisory Board Li Dan Zhang is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.008 loss per share (vs CN¥0.03 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥79.4m (down 54% from 3Q 2020). Net loss: CN¥7.86m (down 128% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.018 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥71.1m (down 42% from 2Q 2020). Net income: CN¥4.52m (down 70% from 2Q 2020). Profit margin: 6.4% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Jinzi Ham Co.,Ltd. Approves 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 21, 2021 Jinzi Ham Co.,Ltd. approved 2020 final profit distribution plan to be implemented (A shares), payable on May 21, 2021. The company announced Cash dividend/10 shares (tax included) of CNY 0.30000000. Record date is May 20, 2021 and Ex-date is May 21, 2021. Reported Earnings • Apr 16
First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.05 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥250.0m (up 31% from 1Q 2020). Net income: CN¥60.1m (up 23% from 1Q 2020). Profit margin: 24% (down from 26% in 1Q 2020). Announcement • Feb 25
Jinzi Ham Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 15, 2021 Jinzi Ham Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 15, 2021 Is New 90 Day High Low • Dec 12
New 90-day low: CN¥5.57 The company is down 12% from its price of CN¥6.30 on 11 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 Food industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥5.78 The company is down 28% from its price of CN¥7.99 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 Food industry, which is down 4.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥78.6m, up 183% from the prior year. Total revenue was CN¥599.2m over the last 12 months, up 123% from the prior year. Announcement • Oct 17
Jinzi Ham Co.,Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Jinzi Ham Co.,Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020 Announcement • Jul 18
Jinzi Ham Co.,Ltd. to Report First Half, 2020 Results on Aug 11, 2020 Jinzi Ham Co.,Ltd. announced that they will report first half, 2020 results on Aug 11, 2020 
