Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.13, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 52x in the Media industry in China. Total returns to shareholders of 39% over the past three years. Announcement • Jun 19
Xiamen Jihong Co., Ltd Announces Final Cash Dividend on A Shares for 2025, Payable on 24 June 2026 Xiamen Jihong Co. Ltd. has announced the implementation of its final profit distribution plan for 2025, declaring a cash dividend of CNY 1.80000000 per 10 shares (tax included) on A shares. The record date is 23 June 2026, with the ex-date on 24 June 2026 and the payment date scheduled for 24 June 2026. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥23.49, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 62x in the Media industry in China. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.20, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 51x in the Media industry in China. Total returns to shareholders of 4.7% over the past three years. Board Change • Apr 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-executive Director Hermes Tang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: CN¥0.67 (vs CN¥0.49 in FY 2024) Full year 2025 results: EPS: CN¥0.67 (up from CN¥0.49 in FY 2024). Revenue: CN¥6.72b (up 22% from FY 2024). Net income: CN¥276.8m (up 52% from FY 2024). Profit margin: 4.1% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Announcement • Apr 01
Xiamen Jihong Co., Ltd Proposes Preliminary Plan for Profit Distribution for the Year 2025 Xiamen Jihong Co. Ltd. at its AGM to be held on April 29, 2026, the company proposed preliminary plan for profit distribution for the year 2025. The Company has formulated the preliminary plan for profit distribution for the year 2025 as follows: based on 440,328,888 shares, being the total share capital of 450,405,288 shares, comprising A shares and H Shares, of the Company but excluding 10,076,400 shares held in the dedicated repurchase account, a cash dividend of RMB 1.80 (tax inclusive) per 10 shares will be distributed to all Shareholders, amounting to a total cash dividend distribution of RMB 79,259,199.84, whereas no bonus shares will be distributed, and no conversion of capital reserve into share capital will be made. Recent Insider Transactions • Feb 02
GM & Executive Director recently sold CN¥19m worth of stock On the 27th of January, Hao Zhuang sold around 1m shares on-market at roughly CN¥17.73 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CN¥25m. Hao has been a net seller over the last 12 months, reducing personal holdings by CN¥55m. Recent Insider Transactions • Jan 29
GM & Executive Director recently sold CN¥25m worth of stock On the 22nd of January, Hao Zhuang sold around 1m shares on-market at roughly CN¥17.56 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Hao's only on-market trade for the last 12 months. Announcement • Jan 20
Xiamen Jihong Co., Ltd Provides Earnings Guidance for the Period from January 1, 2025 to December 31, 2025 Xiamen Jihong Co. Ltd. provided earnings guidance for the period from January 1, 2025 to December 31, 2025. For the period, the Net profit to be RMB 330.8967 million - RMB 349.0898 million, Increase as compared to the corresponding
period of last year: 79.40% 89.26%; Net profit attributable to the shareholders of the listed company to be RMB 272.8967 million - RMB 291.0898 million; Basic earnings per share to be RMB 0.66 per share RMB 0.70 per share. Announcement • Dec 31
Xiamen Jihong Co., Ltd to Report Fiscal Year 2025 Results on Mar 14, 2026 Xiamen Jihong Co., Ltd announced that they will report fiscal year 2025 results on Mar 14, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥1.81b (up 25% from 3Q 2024). Net income: CN¥97.5m (up 56% from 3Q 2024). Profit margin: 5.4% (up from 4.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 08
Upcoming dividend of CN¥0.18 per share Eligible shareholders must have bought the stock before 15 October 2025. Payment date: 15 October 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (2.2%). Announcement • Sep 30
Xiamen Jihong Co., Ltd to Report Q3, 2025 Results on Oct 28, 2025 Xiamen Jihong Co., Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Buy Or Sell Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock has risen 31% to CN¥18.58. The fair value is estimated to be CN¥23.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 2.8%. Announcement • Sep 29
Xiamen Jihong Co., Ltd (SZSE:002803) commences an Equity Buyback for 2,274,000 shares, representing 0.5% for CNY 20.04 million, under the authorization approved on July 7, 2025. Xiamen Jihong Co., Ltd (SZSE:002803) commences a share repurchases on September 26, 2025, under the program mandated by the shareholders in the Extraordinary General Meeting held on July 7, 2025. As per the mandate, the company is authorized to repurchase up to 2,274,000 A shares, for CNY 20.04 million. The shares will be repurchased at a price of CNY 8.81 per share. The shares repurchased will be cancelled. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans, equity incentive plans or conversion of convertible corporate bonds, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds or self-raised funds. As of July 7, 2025, the company had 452,679,288 shares in issue, comprising 384,769,288 A Shares and 67,910,000 H Shares. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥20.83, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 49x in the Media industry in China. Total returns to shareholders of 94% over the past three years. Announcement • Sep 09
Xiamen Jihong Co., Ltd Approves Interim Cash Dividend for the Year 2025 Xiamen Jihong Co. Ltd. at the Extraordinary General Meeting of 2025 on 08 September 2025 approved 2025 interim profit distribution plan of Cash dividend per 10 shares (tax included) of RMB 0.18 (tax inclusive) per Share. Recent Insider Transactions • Sep 03
Executive Chairman recently sold CN¥57m worth of stock On the 27th of August, Yapeng Wang sold around 3m shares on-market at roughly CN¥18.80 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Yapeng's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Aug 27
Now 21% undervalued Over the last 90 days, the stock has risen 34% to CN¥18.21. The fair value is estimated to be CN¥23.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 2.8%. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.079 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.079 in 2Q 2024). Revenue: CN¥1.76b (up 56% from 2Q 2024). Net income: CN¥59.0m (up 100% from 2Q 2024). Profit margin: 3.4% (up from 2.6% in 2Q 2024). The increase in margin was driven by higher revenue. 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 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 22
Xiamen Jihong Co., Ltd Proposes Interim Profit Distribution Plan for 2025 Xiamen Jihong Co. Ltd. at the Extraordinary General Meeting of 2025 on 08 September 2025 proposed 2025 interim profit distribution plan of Cash dividend per 10 shares (tax included) of CNY 1.80000000. Announcement • Jul 02
Xiamen Jihong Co., Ltd to Report First Half, 2025 Results on Aug 21, 2025 Xiamen Jihong Co., Ltd announced that they will report first half, 2025 results on Aug 21, 2025 New Risk • May 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% 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. Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • May 27
Xiamen Jihong Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 521.5488 million. Xiamen Jihong Co., Ltd has completed a Follow-on Equity Offering in the amount of HKD 521.5488 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,373,000
Price\Range: HKD 7.68
Discount Per Security: HKD 0.21504
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 27,297,000
Price\Range: HKD 7.68
Discount Per Security: HKD 0.21504
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,240,000
Price\Range: HKD 7.68
Discount Per Security: HKD 0.21504
Transaction Features: New Market Listing; Regulation S Announcement • May 20
Xiamen Jihong Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 725.2788 million. Xiamen Jihong Co., Ltd has filed a Follow-on Equity Offering in the amount of HKD 725.2788 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 6,791,000
Price\Range: HKD 7.48 to HKD 10.68
Discount Per Security: HKD 0.29904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 46,564,318
Price\Range: HKD 7.48 to HKD 10.68
Discount Per Security: HKD 0.29904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 14,554,682
Price\Range: HKD 7.48 to HKD 10.68
Discount Per Security: HKD 0.29904
Transaction Features: New Market Listing; Regulation S Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.11 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.11 in 1Q 2024). Revenue: CN¥1.48b (up 12% from 1Q 2024). Net income: CN¥59.2m (up 38% from 1Q 2024). Profit margin: 4.0% (up from 3.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.82, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 46x in the Media industry in China. Total loss to shareholders of 14% over the past three years. Announcement • Apr 04
Xiamen Jihong Technology Co., Ltd. Proposes Final Cash Dividend for 2024 Xiamen Jihong Technology Co., Ltd. proposed final cash dividend of CNY 1.58000000 per 10 shares (tax included) for 2024. Announcement • Apr 02
Xiamen Jihong Technology Co., Ltd., Annual General Meeting, Apr 25, 2025 Xiamen Jihong Technology Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: 38F, No. 55, Hubin South Road, Siming District, Xiamen, Fujian China Announcement • Mar 31
Xiamen Jihong Technology Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Xiamen Jihong Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 New Risk • Feb 22
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 15% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (128% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Announcement • Dec 31
Xiamen Jihong Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Xiamen Jihong Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Announcement • Dec 14
Xiamen Jihong Technology Co., Ltd. Approves 2024 Third Quarter Cash Distribution, Payable on 17 December 2024 Xiamen Jihong Technology Co., Ltd. held its 7th Extraordinary General Meeting of 2024 on 06 December 2024. The company approved the 2024 third quarter profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.80000000. Record date: 16 December 2024, Ex-date: 17 December 2024, Payment date: 17 December 2024. Announcement • Nov 07
Xiamen Jihong Technology Co., Ltd. (SZSE:002803) announces an Equity Buyback for CNY 100 million worth of its shares. Xiamen Jihong Technology Co., Ltd. (SZSE:002803) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 18.20 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans, equity incentive plans or conversion of convertible corporate bonds, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds or self-raised funds. The program will be valid for 12 months. The company had 384,849,288 shares outstanding. New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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. Profit margins are more than 30% lower than last year (2.8% net profit margin). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.46, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Media industry in China. Total loss to shareholders of 5.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.48 per share. Announcement • Sep 30
Xiamen Jihong Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Xiamen Jihong Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.17, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.36 per share. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.079 (vs CN¥0.31 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.079 (down from CN¥0.31 in 2Q 2023). Revenue: CN¥1.13b (down 36% from 2Q 2023). Net income: CN¥29.6m (down 75% from 2Q 2023). Profit margin: 2.6% (down from 6.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Media 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 fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Xiamen Jihong Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Xiamen Jihong Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.19 in 1Q 2023). Revenue: CN¥1.32b (down 3.7% from 1Q 2023). Net income: CN¥42.8m (down 39% from 1Q 2023). Profit margin: 3.2% (down from 5.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China. 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 16% per year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥14.57, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Media industry in China. Total loss to shareholders of 53% over the past three years. Announcement • Dec 29
Xiamen Jihong Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Xiamen Jihong Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.22 in 3Q 2022). Revenue: CN¥1.79b (up 36% from 3Q 2022). Net income: CN¥131.3m (up 57% from 3Q 2022). Profit margin: 7.3% (up from 6.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Xiamen Jihong Technology Co., Ltd. to Report Q3, 2023 Results on Oct 21, 2023 Xiamen Jihong Technology Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 21, 2023 Announcement • Sep 20
Xiamen Jihong Technology Co., Ltd. Declares Dividend Implementation of A Shares, Payable on September 25, 2023 Xiamen Jihong Technology Co., Ltd. implemented interim profit distribution plan of A shares of Cash dividend/10 shares (tax included) of CNY 2.00000000. Record date: 22 September 2023; Ex-date: 25 September 2023; Payment date: 25 September 2023. Announcement • Sep 19
Xiamen Jihong Technology Co., Ltd. Approves 2023 Interim Profit Distribution Plan Xiamen Jihong Technology Co., Ltd. announced that the Company held its 4th Extraordinary General Meeting of 2023 on 15 September 2023, during which 2023 interim profit distribution plan was approved as follows: Cash dividend/10 shares (tax included) of CNY 2.00000000. Announcement • Sep 02
Xiamen Jihong Technology Co., Ltd. (SZSE:002803) announces an Equity Buyback for CNY 60 million worth of its shares. Xiamen Jihong Technology Co., Ltd. (SZSE:002803) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 25 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be funded from company's own funds. The program will be valid for 12 months. Announcement • Sep 01
Xiamen Jihong Technology Co., Ltd. Proposes Dividend for the First Half of 2023 Xiamen Jihong Technology Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY2.00000000 for the first half of 2023. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥1.77b (up 25% from 2Q 2022). Net income: CN¥119.0m (up 64% from 2Q 2022). Profit margin: 6.7% (up from 5.1% in 2Q 2022). The increase in margin was driven by higher revenue. 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 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 25
First quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.11 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.11 in 1Q 2022). Revenue: CN¥1.38b (up 14% from 1Q 2022). Net income: CN¥70.4m (up 64% from 1Q 2022). Profit margin: 5.1% (up from 3.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥18.92, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 29x in the Packaging industry in China. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.42, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 31x in the Packaging industry in China. Total loss to shareholders of 17% over the past three years. Announcement • Jan 06
Xiamen Jihong Technology Co., Ltd. Proposes Special Profit Distribution for 2022 Xiamen Jihong Technology Co., Ltd. announced on 05 January 2023 the special profit distribution proposal for 2022 of Cash dividend/10 shares of CNY 2.63000000. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.23, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 27x in the Packaging industry in China. Total returns to shareholders of 20% over the past three years. Announcement • Nov 15
Xiamen Jihong Technology Co., Ltd. Announces Director Appointments Xiamen Jihong Technology Co., Ltd. announced at the EGM held on November 11, 2022 that the company approved election of Cai Qinghui and Han Jianshu as independent directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.18 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.18 in 3Q 2021). Revenue: CN¥1.32b (down 3.0% from 3Q 2021). Net income: CN¥83.4m (up 26% from 3Q 2021). Profit margin: 6.3% (up from 4.9% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% 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 30
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥11.53, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 28x in the Packaging industry in China. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.57, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 32x in the Packaging industry in China. Total returns to shareholders of 17% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.23 in 2Q 2021). Revenue: CN¥1.42b (up 8.0% from 2Q 2021). Net income: CN¥72.4m (down 19% from 2Q 2021). Profit margin: 5.1% (down from 6.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.27, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 29x in the Packaging industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Apr 27
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.60 (down from CN¥1.48 in FY 2020). Revenue: CN¥5.18b (up 17% from FY 2020). Net income: CN¥227.3m (down 59% from FY 2020). Profit margin: 4.4% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. 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 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥19.06, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 35x in the Packaging industry in China. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.23, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 37x in the Packaging industry in China. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.56, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 33x in the Packaging industry in China. Total returns to shareholders of 82% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.48 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¥1.31b (up 3.6% from 2Q 2020). Net income: CN¥89.2m (down 52% from 2Q 2020). Profit margin: 6.8% (down from 14% 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 36% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥21.01, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Packaging industry in China. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥27.53, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Packaging industry in China. Total returns to shareholders of 154% over the past three years. Announcement • May 28
Xiamen Jihong Technology Co., Ltd. Announces Dividend for 2020 Xiamen Jihong Technology Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 1.00000000 for 2020 at the Annual General Meeting held on 25 May 2021. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥1.48 (vs CN¥0.89 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.41b (up 47% from FY 2019). Net income: CN¥558.7m (up 71% from FY 2019). Profit margin: 13% (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 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 21
New 90-day high: CN¥35.88 The company is up 1.0% from its price of CN¥35.39 on 23 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥35.17 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥29.10 The company is down 33% from its price of CN¥43.46 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥34.98 per share. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥30.92 The company is down 27% from its price of CN¥42.50 on 18 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 Packaging industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥35.17 per share. Valuation Update With 7 Day Price Move • Nov 26
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥31.84, the stock is trading at a trailing P/E ratio of 22.9x, down from the previous P/E ratio of 27.5x. This compares to an average P/E of 34x in the Packaging industry in China. Total returns to shareholders over the past three years are 119%. Announcement • Nov 11
Xiamen Jihong Technology Co., Ltd. (SZSE:002803) acquired 25.95% stake in Xiamen Hashare-RC Information Technology Co., Ltd. from Beijing Chinasoft International Information Technology Ltd. for CNY 24.6 million. Xiamen Jihong Technology Co., Ltd. (SZSE:002803) agreed to acquire 25.95% stake in Xiamen Hashare-RC Information Technology Co., Ltd. from Beijing Chinasoft International Information Technology Ltd. for CNY 24.6 million on October 23, 2020. Before the transfer, Beijing Chinasoft International Information Technology Co., Ltd. held 48% stake. Xiamen Hashare-RC Information had Total Assets worth CNY 144.3 million and net assets worth CNY 84.65 million as on June 30, 2020. Is New 90 Day High Low • Nov 04
New 90-day low: CN¥36.89 The company is down 9.0% from its price of CN¥40.74 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.85 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥527.6m, up 68% from the prior year. Total revenue was CN¥4.06b over the last 12 months, up 44% from the prior year. Announcement • Oct 20
Xiamen Jihong Technology Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Xiamen Jihong Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020