Declared Dividend • Jun 15
Dividend of CN¥0.41 announced Dividend of CN¥0.41 is the same as last year. Ex-date: 17th June 2026 Payment date: 17th June 2026 Dividend yield will be 5.0%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Buy Or Sell Opportunity • May 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.4% to CN¥8.61. The fair value is estimated to be CN¥10.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.4%. Announcement • Apr 29
Changjiang Publishing & Media Co.,Ltd, Annual General Meeting, May 28, 2026 Changjiang Publishing & Media Co.,Ltd, Annual General Meeting, May 28, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Reported Earnings • Apr 17
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.84 (up from CN¥0.78 in FY 2024). Revenue: CN¥7.08b (flat on FY 2024). Net income: CN¥1.01b (up 7.3% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Announcement • Mar 30
Changjiang Publishing & Media Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Changjiang Publishing & Media Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Feb 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to CN¥9.49. The fair value is estimated to be CN¥7.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. Buy Or Sell Opportunity • Jan 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to CN¥9.31. The fair value is estimated to be CN¥7.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. Announcement • Dec 26
Changjiang Publishing & Media Co.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026 Changjiang Publishing & Media Co.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026 Buy Or Sell Opportunity • Dec 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to CN¥9.22. The fair value is estimated to be CN¥7.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥1.51b (down 8.0% from 3Q 2024). Net income: CN¥173.8m (up 11% from 3Q 2024). Profit margin: 12% (up from 9.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Announcement • Sep 30
Changjiang Publishing & Media Co.,Ltd to Report Q3, 2025 Results on Oct 29, 2025 Changjiang Publishing & Media Co.,Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 27
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥1.65b (up 10% from 3Q 2023). Net income: CN¥157.1m (down 18% from 3Q 2023). Profit margin: 9.5% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
Changjiang Publishing & Media Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Changjiang Publishing & Media Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • Jun 09
Dividend increased to CN¥0.41 Dividend of CN¥0.41 is 2.5% higher than last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (174% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 20
Changjiang Publishing & Media Co.,Ltd, Annual General Meeting, May 23, 2025 Changjiang Publishing & Media Co.,Ltd, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Reported Earnings • Apr 11
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.78 (down from CN¥0.84 in FY 2023). Revenue: CN¥7.07b (up 4.6% from FY 2023). Net income: CN¥945.1m (down 7.0% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 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 increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 28
Changjiang Publishing & Media Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Changjiang Publishing & Media Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Changjiang Publishing & Media Co.,Ltd to Report Fiscal Year 2024 Results on Apr 11, 2025 Changjiang Publishing & Media Co.,Ltd announced that they will report fiscal year 2024 results on Apr 11, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥1.65b (up 10% from 3Q 2023). Net income: CN¥157.1m (down 18% from 3Q 2023). Profit margin: 9.5% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Changjiang Publishing & Media Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Changjiang Publishing & Media Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.22 (in line with 2Q 2023). Revenue: CN¥1.65b (up 8.3% from 2Q 2023). Net income: CN¥270.0m (up 2.4% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). 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 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 28
Changjiang Publishing & Media Co.,Ltd to Report First Half, 2024 Results on Aug 23, 2024 Changjiang Publishing & Media Co.,Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • Jun 15
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 25% higher than last year. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 39% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Jun 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yang Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 09
Changjiang Publishing & Media Co.,Ltd, Annual General Meeting, May 31, 2024 Changjiang Publishing & Media Co.,Ltd, Annual General Meeting, May 31, 2024, at 14:30 China Standard Time. Location: 10F, Building B, No. 268, Xiongchu Avenue, Wuhan, Hubei China Buy Or Sell Opportunity • Apr 23
Now 21% undervalued Over the last 90 days, the stock has risen 6.6% to CN¥7.38. The fair value is estimated to be CN¥9.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.3%. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: CN¥0.84 (vs CN¥0.60 in FY 2022) Full year 2023 results: EPS: CN¥0.84 (up from CN¥0.60 in FY 2022). Revenue: CN¥6.76b (up 7.4% from FY 2022). Net income: CN¥1.02b (up 39% from FY 2022). Profit margin: 15% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 29
Changjiang Publishing & Media Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Changjiang Publishing & Media Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Changjiang Publishing & Media Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 Changjiang Publishing & Media Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.088 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.088 in 3Q 2022). Revenue: CN¥1.50b (up 11% from 3Q 2022). Net income: CN¥191.2m (up 83% from 3Q 2022). Profit margin: 13% (up from 7.8% 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 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Sep 30
Changjiang Publishing & Media Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Changjiang Publishing & Media Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.25 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.25 in 2Q 2022). Revenue: CN¥1.53b (down 14% from 2Q 2022). Net income: CN¥263.7m (down 14% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jun 28
Changjiang Publishing & Media Co.,Ltd to Report First Half, 2023 Results on Aug 29, 2023 Changjiang Publishing & Media Co.,Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥9.54, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 54x in the Media industry in China. Total returns to shareholders of 115% over the past three years. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: CN¥0.60 (vs CN¥0.57 in FY 2021) Full year 2022 results: EPS: CN¥0.60 (up from CN¥0.57 in FY 2021). Revenue: CN¥6.30b (up 4.5% from FY 2021). Net income: CN¥729.3m (up 4.6% from FY 2021). Profit margin: 12% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Huide Zhang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.088 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.088 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥1.35b (down 8.8% from 3Q 2021). Net income: CN¥104.6m (down 48% from 3Q 2021). Profit margin: 7.8% (down from 14% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥1.77b (up 21% from 2Q 2021). Net income: CN¥306.1m (up 39% from 2Q 2021). Profit margin: 17% (up from 15% 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 2% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.95, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 28x in the Media industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.57 (vs CN¥0.67 in FY 2020) Full year 2021 results: EPS: CN¥0.57 (down from CN¥0.67 in FY 2020). Revenue: CN¥6.02b (down 9.8% from FY 2020). Net income: CN¥697.5m (down 15% from FY 2020). Profit margin: 12% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 07
Now 21% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be CN¥7.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has grown by 5.8%. Buying Opportunity • Mar 14
Now 23% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be CN¥7.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% per annum over the last 3 years. Earnings per share has grown by 5.8% per annum over the last 3 years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.16 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥1.48b (up 8.1% from 3Q 2020). Net income: CN¥201.4m (up 3.0% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.29 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.46b (down 33% from 2Q 2020). Net income: CN¥220.2m (down 37% from 2Q 2020). Profit margin: 15% (down from 16% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.67 (vs CN¥0.65 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥6.68b (down 13% from FY 2019). Net income: CN¥816.5m (up 3.8% from FY 2019). Profit margin: 12% (up from 10% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 16
New 90-day high: CN¥5.34 The company is up 1.0% from a price of CN¥5.28 on 16 December 2020. Outperformed the Chinese market which is down 2.0% over the last 90 days. Exceeded the Media industry, which is down 11% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥5.07 The company is down 9.0% from its price of CN¥5.59 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 11% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥5.17 The company is down 8.0% from its price of CN¥5.65 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Media industry, which is also down 8.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥5.24 The company is down 8.0% from its price of CN¥5.69 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥5.38 The company is down 2.0% from its price of CN¥5.49 on 31 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the Media industry, which is down 2.0% 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¥813.8m, up 9.8% from the prior year. Total revenue was CN¥6.54b over the last 12 months, down 21% from the prior year. Announcement • Jul 09
Changjiang Publishing & Media Co.,Ltd to Report First Half, 2020 Results on Aug 26, 2020 Changjiang Publishing & Media Co.,Ltd announced that they will report first half, 2020 results on Aug 26, 2020 