Upcoming Dividend • May 07
Upcoming dividend of CN¥0.27 per share Eligible shareholders must have bought the stock before 14 May 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Hong Kong dividend payers (6.8%). Lower than average of industry peers (5.4%). Recent Insider Transactions • May 06
Executive Vice Chairman of the Board recently bought HK$159k worth of stock On the 27th of April, Wenbin Zheng bought around 30k shares on-market at roughly HK$5.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$389k. Wenbin has been a buyer over the last 12 months, purchasing a net total of HK$966k worth in shares. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$6.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Food industry in Hong Kong. Total loss to shareholders of 12% over the past year. Recent Insider Transactions • May 01
Executive Vice Chairman of the Board recently bought HK$158k worth of stock On the 24th of April, Wenbin Zheng bought around 29k shares on-market at roughly HK$5.48 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$389k. Wenbin has been a buyer over the last 12 months, purchasing a net total of HK$749k worth in shares. Recent Insider Transactions • Apr 25
Executive Vice Chairman of the Board recently bought HK$389k worth of stock On the 17th of April, Wenbin Zheng bought around 71k shares on-market at roughly HK$5.50 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wenbin has been a buyer over the last 12 months, purchasing a net total of HK$495k worth in shares. Reported Earnings • Apr 23
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.41 (up from CN¥0.34 in FY 2024). Revenue: CN¥2.00b (down 2.4% from FY 2024). Net income: CN¥188.6m (up 21% from FY 2024). Profit margin: 9.4% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$5.89, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Food industry in Hong Kong. Total loss to shareholders of 3.3% over the past year. Declared Dividend • Mar 23
Dividend of CN¥0.27 announced Shareholders will receive a dividend of CN¥0.27. Ex-date: 14th May 2026 Payment date: 5th June 2026 Dividend yield will be 4.3%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Mar 18
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.41 (up from CN¥0.34 in FY 2024). Revenue: CN¥2.00b (down 2.4% from FY 2024). Net income: CN¥188.6m (up 21% from FY 2024). Profit margin: 9.4% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Announcement • Mar 18
Xiamen Yan Palace Bird's Nest Industry Co., Ltd., Annual General Meeting, May 11, 2026 Xiamen Yan Palace Bird's Nest Industry Co., Ltd., Annual General Meeting, May 11, 2026. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • Mar 05
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. to Report Fiscal Year 2025 Results on Mar 17, 2026 Xiamen Yan Palace Bird's Nest Industry Co., Ltd. announced that they will report fiscal year 2025 results on Mar 17, 2026 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$5.76, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Food industry in Hong Kong. Total loss to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$7.79, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Food industry in Hong Kong. Total loss to shareholders of 40% over the past year. New Risk • Sep 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major 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. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 02
First half 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 1H 2024) First half 2025 results: EPS: CN¥0.17 (up from CN¥0.13 in 1H 2024). Revenue: CN¥1.01b (down 4.2% from 1H 2024). Net income: CN¥75.3m (up 30% from 1H 2024). Profit margin: 7.4% (up from 5.5% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Food industry in Hong Kong. Announcement • Aug 18
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Xiamen Yan Palace Bird's Nest Industry Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jul 29
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. (SEHK:1497) commences an Equity Buyback Plan for 46,550,000 shares, representing 10% of its issued share capital, under the authorization approved on May 9, 2025. commences share repurchases on July 29, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 9, 2025. As per the mandate, the company is authorized to repurchase up to 46,550,000 shares, representing 10% of its issued share capital. The purpose for the buyback is to enhance the net asset value per share and/or earnings per share. The repurchases will be funded out of funds which are legally available for share repurchase in accordance with its Articles of Association, the laws of PRC and/or any other applicable laws, as the case may be. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of May 9, 2025, the company had 465,500,000 shares in issue.
On June 23, 2025, the company announced a share repurchase program. Under the program, the company will repurchase up to HKD 100 million worth of its shares. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$8.66, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Food industry in Hong Kong. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$7.68 per share. Upcoming Dividend • May 07
Upcoming dividend of CN¥0.21 per share Eligible shareholders must have bought the stock before 14 May 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (4.5%). Recent Insider Transactions • Apr 19
Non-Executive Director recently bought HK$133k worth of stock On the 11th of April, Zhen Liu bought around 21k shares on-market at roughly HK$6.25 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$240k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.34 (down from CN¥0.46 in FY 2023). Revenue: CN¥2.05b (up 4.4% from FY 2023). Net income: CN¥156.3m (down 21% from FY 2023). Profit margin: 7.6% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Food industry in Hong Kong. New Risk • Mar 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major 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 Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 25x cash flows per share). Declared Dividend • Mar 19
Dividend of CN¥0.21 announced Shareholders will receive a dividend of CN¥0.21. Ex-date: 14th May 2025 Payment date: 5th June 2025 Dividend yield will be 3.3%, which is lower than the industry average of 5.7%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (dividend approximately 12x free cash flows). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.34 (down from CN¥0.46 in FY 2023). Revenue: CN¥2.05b (up 4.4% from FY 2023). Net income: CN¥156.3m (down 21% from FY 2023). Profit margin: 7.6% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Food industry in Hong Kong. New Risk • Mar 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (57% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (dividend per share is over 12x cash flows per share). Announcement • Mar 04
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025 Xiamen Yan Palace Bird's Nest Industry Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025 Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$6.46, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Food industry in Hong Kong. Total loss to shareholders of 37% over the past year. New Risk • Feb 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 12x cash flows per share. Dividend yield: 3.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 High level of non-cash earnings (57% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 12x cash flows per share). Reported Earnings • Aug 29
First half 2024 earnings released First half 2024 results: EPS: CN¥0.12. Net income: CN¥58.1m (up CN¥58.1m from 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Food industry in Hong Kong. Announcement • Aug 15
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024 Xiamen Yan Palace Bird's Nest Industry Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to HK$13.64, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Food industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$6.89 per share. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$9.72, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Food industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$7.13 per share. Buy Or Sell Opportunity • Jul 02
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to HK$9.70. The fair value is estimated to be HK$7.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Buy Or Sell Opportunity • Jun 28
Now 25% overvalued Over the last 90 days, the stock has fallen 3.5% to HK$8.93. The fair value is estimated to be HK$7.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Buy Or Sell Opportunity • May 24
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to HK$8.69. The fair value is estimated to be HK$7.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Buy Or Sell Opportunity • May 08
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to HK$8.75. The fair value is estimated to be HK$7.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.44 in FY 2022) Full year 2023 results: EPS: CN¥0.46 (up from CN¥0.44 in FY 2022). Revenue: CN¥1.96b (up 14% from FY 2022). Net income: CN¥197.5m (up 4.9% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Food industry in Hong Kong. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.44 in FY 2022) Full year 2023 results: EPS: CN¥0.46 (up from CN¥0.44 in FY 2022). Revenue: CN¥1.96b (up 14% from FY 2022). Net income: CN¥201.2m (up 6.9% from FY 2022). Profit margin: 10% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Food industry in Hong Kong. Announcement • Mar 23
Xiamen Yan Palace Bird's Nest Industry Co., Ltd., Annual General Meeting, May 21, 2024 Xiamen Yan Palace Bird's Nest Industry Co., Ltd., Annual General Meeting, May 21, 2024. Announcement • Mar 14
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 Xiamen Yan Palace Bird's Nest Industry Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$9.00, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 16x in the Food industry in Hong Kong. Board Change • Dec 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Yiu Por Lam was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 12
Xiamen Yan Palace Bird's Nest Industry Co., Ltd. has completed an IPO in the amount of HKD 356.96 million. Xiamen Yan Palace Bird's Nest Industry Co., Ltd. has completed an IPO in the amount of HKD 356.96 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 12,800,000
Price\Range: HKD 9.7
Discount Per Security: HKD 0.27645
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 11,149,600
Price\Range: HKD 9.7
Discount Per Security: HKD 0.27645
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 12,850,400
Price\Range: HKD 9.7
Discount Per Security: HKD 0.27645
Transaction Features: Regulation S