Buy Or Sell Opportunity • May 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.8% to CN¥7.54. The fair value is estimated to be CN¥6.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.08 (vs CN¥0.07 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.08 (up from CN¥0.07 in 1Q 2025). Revenue: CN¥612.6m (up 14% from 1Q 2025). Net income: CN¥64.6m (up 15% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Luxury 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. Buy Or Sell Opportunity • Apr 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.7% to CN¥7.31. The fair value is estimated to be CN¥6.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 3.0% in a year. Earnings are forecast to grow by 20% in the next year. Announcement • Apr 25
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd, Annual General Meeting, May 15, 2026 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd, Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: 1F, Comprehensive Building, No. 2, Qingli Road, Longhua District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Price Target Changed • Mar 08
Price target decreased by 11% to CN¥7.93 Down from CN¥8.96, the current price target is provided by 1 analyst. New target price is 15% above last closing price of CN¥6.92. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.65 last year. Announcement • Dec 31
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Fiscal Year 2025 Results on Apr 25, 2026 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.098 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.098 in 3Q 2024). Revenue: CN¥535.5m (down 7.6% from 3Q 2024). Net income: CN¥53.6m (down 29% from 3Q 2024). Profit margin: 10.0% (down from 13% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Q3, 2025 Results on Oct 25, 2025 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥3.05b to CN¥2.85b. EPS estimate also fell from CN¥0.63 per share to CN¥0.558 per share. Net income forecast to grow 0.3% next year vs 21% growth forecast for Luxury industry in China. Consensus price target down from CN¥8.96 to CN¥8.73. Share price was steady at CN¥7.35 over the past week. Announcement • Jul 02
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Buy Or Sell Opportunity • Jun 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to CN¥7.67. The fair value is estimated to be CN¥9.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 2.7%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Declared Dividend • Jun 09
Dividend reduced to CN¥0.62 Dividend of CN¥0.62 is 4.6% lower than last year. Ex-date: 10th June 2025 Payment date: 10th June 2025 Dividend yield will be 7.4%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) nor is it covered by cash flows (124% cash payout ratio). The dividend has increased by an average of 29% 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. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 26% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 22
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Approves Cash Dividend for the 2024 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd at its AGM held on 16 May 2025, approved Cash dividend/10 shares (tax included): CNY 6.20000000 for the year 2024. Buy Or Sell Opportunity • Apr 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CN¥7.89. The fair value is estimated to be CN¥9.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 2.7%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to grow by 22% in the next year. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.15 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.07 (down from CN¥0.15 in 1Q 2024). Revenue: CN¥536.0m (down 18% from 1Q 2024). Net income: CN¥56.1m (down 54% from 1Q 2024). Profit margin: 11% (down from 19% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Apr 26
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd, Annual General Meeting, May 16, 2025 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: 1F, No. 2, Qingning Road, Qinghu Subdistrict, Longhua District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Jan 02
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Announces Election of Independent Directors Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that at 4th Extraordinary General Meeting of 2024 on 30 December 2024, approved election of Wu Qiyou and Zhang Ran as independent director. Announcement • Dec 31
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Buy Or Sell Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock has risen 26% to CN¥9.28. The fair value is estimated to be CN¥11.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.098 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.098 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥579.4m (down 11% from 3Q 2023). Net income: CN¥75.2m (down 41% from 3Q 2023). Profit margin: 13% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Announcement • Oct 16
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Elects Lin Li as Independent Director Shenzhen Fuanna Bedding and Furnishing Co.,Ltd at its 3rd Extraordinary General Meeting of 2024 held on 14 October 2024 approved election of Lin Li as independent director of the company. Announcement • Sep 30
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 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¥8.78, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Luxury industry in China. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.10 per share. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.27b to CN¥3.08b. EPS estimate also fell from CN¥0.762 per share to CN¥0.685 per share. Net income forecast to grow 5.0% next year vs 30% growth forecast for Luxury industry in China. Consensus price target down from CN¥10.48 to CN¥8.73. Share price fell 3.0% to CN¥7.33 over the past week. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥655.5m (flat on 2Q 2023). Net income: CN¥95.6m (down 12% from 2Q 2023). Profit margin: 15% (down from 17% in 2Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Buy Or Sell Opportunity • Jul 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥9.34. The fair value is estimated to be CN¥12.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Jun 29
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report First Half, 2024 Results on Aug 24, 2024 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 14
Dividend increased to CN¥0.65 Dividend of CN¥0.65 is 8.3% higher than last year. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 5.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (85% cash payout ratio). The dividend has increased by an average of 33% 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. The company's earnings per share (EPS) would need to grow by 3.3% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Price Target Changed • Apr 30
Price target increased by 13% to CN¥10.46 Up from CN¥9.26, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥10.96. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥0.77 for next year compared to CN¥0.69 last year. Announcement • Apr 28
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd, Annual General Meeting, May 17, 2024 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 1F, Comprehensive Building, No. 1, Qingning Road, Qinghu Subdistrict, Longhua District, Shenzhen, Guangdong China Agenda: To approve 2023 work report of the board of directors; to approve 2023 work report of the supervisory committee; to approve 2023 annual report and its summary; to approve 2023 annual accounts report; to approve 2023 profit distribution plan; to approve reappointment of audit firm; and to consider other matter. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥652.1m (up 5.2% from 1Q 2023). Net income: CN¥122.4m (up 10% from 1Q 2023). Profit margin: 19% (in line with 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Announcement • Apr 27
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Proposes Final Dividend for the Year 2023 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 6.50000000. Announcement • Mar 30
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 30
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Buying Opportunity • Dec 13
Now 21% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be CN¥11.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 25% in the next 2 years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.14 in 3Q 2022). Revenue: CN¥652.6m (flat on 3Q 2022). Net income: CN¥126.9m (up 9.2% from 3Q 2022). Profit margin: 20% (up from 18% in 3Q 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Announcement • Sep 30
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (in line with 2Q 2022). Revenue: CN¥652.2m (down 1.9% from 2Q 2022). Net income: CN¥108.3m (up 2.3% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Buying Opportunity • Aug 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be CN¥10.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Buying Opportunity • Jun 16
Now 21% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be CN¥9.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Announcement • Jun 03
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Announces Cash Dividend Per A Share for 2022, Payable on 09 June 2023 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced a cash dividend of CNY 6.00000000 (taxes included) per 10 A share for 2022. Record date: 08 June 2023. Ex-date: 09 June 2023. Payment date: 09 June 2023. Announcement • May 19
Shenzhen Fuanna Bedding and Furnishing Co., Approves Cash Dividend for 2022 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd held its Annual General Meeting of 2022 on 17 May 2023, during which the following proposal(s) was/were approved: Cash dividend/10 shares (tax included): CNY 6.00000000. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2022). Revenue: CN¥619.9m (down 7.6% from 1Q 2022). Net income: CN¥111.0m (up 5.3% from 1Q 2022). Profit margin: 18% (up from 16% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Ping Wang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥646.8m (down 5.0% from 3Q 2021). Net income: CN¥116.3m (up 8.2% from 3Q 2021). Profit margin: 18% (up from 16% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 24
Price target decreased to CN¥8.74 Down from CN¥9.69, the current price target is an average from 2 analysts. New target price is 22% above last closing price of CN¥7.14. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.67 last year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥664.7m (down 2.3% from 2Q 2021). Net income: CN¥105.9m (down 9.7% from 2Q 2021). Profit margin: 16% (down from 17% in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 23% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Announcement • May 31
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Announces Implementation of Final Cash Dividend for 2021, Payable on 08 June 2022 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd announced implementation of final cash dividend of CNY 6.00000000 per 10 A shares (tax included) for 2021. Record date is 07 June 2022. Ex-date is 08 June 2022. Payment date is 08 June 2022. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Net cash dividend/10 shares after tax: CNY 5.40000000 (CNY 6.00000000 - CNY 0.60000000). Announcement • May 20
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Approves Cash Dividend for the Year 2021 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd approved Cash dividend/10 shares (tax included): CNY 6.00000000 for the year 2021, at its Annual General Meeting of 2021 held on 18 May 2022. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.62b to CN¥3.55b. EPS estimate also fell from CN¥0.85 per share to CN¥0.76 per share. Net income forecast to grow 17% next year vs 28% growth forecast for Luxury industry in China. Consensus price target of CN¥9.26 unchanged from last update. Share price was steady at CN¥7.98 over the past week. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥670.6m (up 6.8% from 1Q 2021). Net income: CN¥105.4m (up 14% from 1Q 2021). Profit margin: 16% (in line with 1Q 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 13%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Shenzhen Fuanna Bedding and Furnishing Co.,Ltd Proposes Cash Dividend for 2021 Shenzhen Fuanna Bedding and Furnishing Co.,Ltd proposed Cash dividend/10 shares (tax included): CNY6.00000000. Buying Opportunity • Feb 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.4%. The fair value is estimated to be CN¥10.59, 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 been flat over the last 3 years. Buying Opportunity • Jan 26
Now 20% undervalued Over the last 90 days, the stock is up 9.3%. 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 been flat over the last 3 years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.13 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥681.0m (up 14% from 3Q 2020). Net income: CN¥107.4m (flat on 3Q 2020). Profit margin: 16% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥680.7m (up 16% from 2Q 2020). Net income: CN¥117.3m (up 29% from 2Q 2020). Profit margin: 17% (up from 16% in 2Q 2020). 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 whereas the company’s share price has fallen by 2% per year. Announcement • Jun 01
Shenzhen Fuanna Bedding and Furnishing Co., Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 04 June 2021 Shenzhen Fuanna Bedding and Furnishing Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 5.0000000. For the dividend record date is 07 June 2021, ex-date is 08 June 2021 and payment date is 08 June 2021. Net cash dividend/10 shares after tax: CNY 4.5000000. Announcement • May 21
Shenzhen Fuanna Bedding and Furnishing Co., Ltd. Approves Final Cash Dividend for the Year 2020 Shenzhen Fuanna Bedding and Furnishing Co., Ltd. at its annual general meeting held on May 18, 2021 approved final cash dividend/10 shares (tax included) of CNY 5.00000000 for the year 2020. Announcement • Apr 29
Shenzhen Fuanna Bedding and Furnishing Co., Ltd. Proposes Final Cash Dividend for the Year 2020 Shenzhen Fuanna Bedding and Furnishing Co., Ltd. proposed final cash dividend/10 shares (tax included): CNY 5.00000000 for the year 2020. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.09 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥627.7m (up 23% from 1Q 2020). Net income: CN¥92.6m (up 22% from 1Q 2020). Profit margin: 15% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Is New 90 Day High Low • Mar 01
New 90-day high: CN¥8.14 The company is up 1.0% from its price of CN¥8.06 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.03 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥7.34 The company is down 6.0% from its price of CN¥7.82 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.33 per share. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥7.47 The company is down 1.0% from its price of CN¥7.57 on 25 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 Luxury industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.37 per share. Is New 90 Day High Low • Oct 29
New 90-day high: CN¥8.39 The company is up 10.0% from its price of CN¥7.63 on 31 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 Luxury 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¥4.85 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥535.8m, up 7.5% from the prior year. Total revenue was CN¥2.81b over the last 12 months, largely unchanged from the prior year. Announcement • Oct 17
Shenzhen Fuanna Bedding and Furnishing Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Shenzhen Fuanna Bedding and Furnishing Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020 Announcement • Aug 02
Shenzhen Fuanna Bedding and Furnishing Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Shenzhen Fuanna Bedding and Furnishing Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020