Upcoming Dividend • May 21
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 25 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 16%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (2.6%). New Risk • Mar 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 139% Dividend yield: 17% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 27
Final dividend of HK$0.20 announced Shareholders will receive a dividend of HK$0.20. Ex-date: 28th May 2026 Payment date: 25th June 2026 Dividend yield will be 17%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is more than the 9.6% EPS growth achieved over the last 5 years. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.43 in FY 2024) Full year 2025 results: EPS: CN¥0.34 (down from CN¥0.43 in FY 2024). Revenue: CN¥1.55b (down 6.8% from FY 2024). Net income: CN¥347.8m (down 19% from FY 2024). Profit margin: 23% (down from 26% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 25
Zengame Technology Holding Limited, Annual General Meeting, May 22, 2026 Zengame Technology Holding Limited, Annual General Meeting, May 22, 2026. Announcement • Mar 14
Zengame Technology Holding Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Zengame Technology Holding Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 New Risk • Sep 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 144% Dividend yield: 17% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 144% Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin). Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 08 October 2025. Payout ratio is a comfortable 64% and the cash payout ratio is 78%. Trailing yield: 16%. Within top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 27
First half 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.31 in 1H 2024) First half 2025 results: EPS: CN¥0.18 (down from CN¥0.31 in 1H 2024). Revenue: CN¥709.1m (down 24% from 1H 2024). Net income: CN¥182.8m (down 41% from 1H 2024). Profit margin: 26% (down from 33% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Aug 15
Zengame Technology Holding Limited to Report First Half, 2025 Results on Aug 26, 2025 Zengame Technology Holding Limited announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$2.49, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 18x in the Entertainment industry in Hong Kong. Total returns to shareholders of 126% over the past three years. Recent Insider Transactions Derivative • Jun 12
Executive Chairman of the Board & CEO exercised options to buy HK$1.1m worth of stock. On the 6th of June, Sheng Ye exercised options to buy 500k shares at a strike price of around HK$1.29, costing a total of HK$645k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since December 2024, Sheng has owned 237.16m shares directly. Company insiders have collectively bought HK$1.3m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 05
Zengame Technology Holding Limited Declares Final Dividend for the Year Ended 31 December 2024 Zengame Technology Holding Limited at its AGM held on 5 June 2025 approved to declare a final dividend of HKD 0.15 per share for the year ended 31 December 2024. Upcoming Dividend • Jun 03
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 09 July 2025. Trailing yield: 6.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (2.1%). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Director of Personnel Administration & Executive Director Mi Xiong was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 22
Dividend of HK$0.15 announced Shareholders will receive a dividend of HK$0.15. Ex-date: 10th June 2025 Payment date: 9th July 2025 Dividend yield will be 6.1%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.72 in FY 2023) Full year 2024 results: EPS: CN¥0.43 (down from CN¥0.72 in FY 2023). Revenue: CN¥1.66b (down 20% from FY 2023). Net income: CN¥430.7m (down 41% from FY 2023). Profit margin: 26% (down from 35% in FY 2023). 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 increased by 15% per year, which means it is well ahead of earnings. Announcement • Mar 20
Zengame Technology Holding Limited, Annual General Meeting, Jun 05, 2025 Zengame Technology Holding Limited, Annual General Meeting, Jun 05, 2025. Announcement • Mar 10
Zengame Technology Holding Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 Zengame Technology Holding Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 Announcement • Jan 22
Zengame Technology Holding Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2024 Zengame Technology Holding Limited provided consolidated earnings guidance for the year ended 31 December 2024. Based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2024, and the information currently available to the Board, the Group expects a decrease in net profit attributable to owners of the Company for the year ended 31 December 2024, by approximately 35% to 45% compared to that for the year ended 31 December 2023. This expected decrease is primarily due to: (i) a decline in the Group's revenue of approximately 15% to 25%, caused by lower-than-expected sales of new products and game features, as well as a general downturn in the gaming market in 2024; (ii) a decline in the Group's gross profit margin of approximately 5% to 10% due to higher gaming operational costs; and (iii) an additional tax of approximately RMB 70 million resulting from the transfer of RMB 500 million in retained profits of Shenzhen Zen-Game Technology Co. Ltd, an indirect wholly-owned subsidiary of the Company, to the Group, benefiting the Group and its Shareholders as a whole. Announcement • Jan 21
Zengame Technology Holding Limited Announces Company Secretary Changes The board of directors of Zengame Technology Holding Limited announced that, with effect from 21 January 2025, Ms. Chan Ching Nga has been appointed as the following positions of the Company in replacement of Ms. Tam Sze Wai Sara: the company secretary; Ms. Tam confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the Stock Exchange and/or the shareholders of the Company. The Biographical details of Ms. Chan: Ms. Chan is currently a senior manager of the Company Secretarial Services of Tricor Services Limited and has been providing professional corporate services to Hong Kong listed companies as well as multi-national, private and offshore companies. Ms. Chan has over 20 years of experience in the corporate secretarial and compliance service field. She is a chartered secretary, a chartered governance professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.33, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 14x in the Entertainment industry in Hong Kong. Total returns to shareholders of 252% over the past three years. Reported Earnings • Aug 25
First half 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.41 in 1H 2023) First half 2024 results: EPS: CN¥0.31 (down from CN¥0.41 in 1H 2023). Revenue: CN¥934.3m (down 8.2% from 1H 2023). Net income: CN¥309.8m (down 24% from 1H 2023). Profit margin: 33% (down from 40% in 1H 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year. Announcement • Aug 09
Zengame Technology Holding Limited to Report First Half, 2024 Results on Aug 22, 2024 Zengame Technology Holding Limited announced that they will report first half, 2024 results on Aug 22, 2024 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$2.98, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 12x in the Entertainment industry in Hong Kong. Total returns to shareholders of 195% over the past three years. Recent Insider Transactions Derivative • Jun 08
Executive Chairman of the Board & CEO exercised options to buy HK$1.7m worth of stock. On the 3rd of June, Sheng Ye exercised options to buy 500k shares at a strike price of around HK$1.29, costing a total of HK$645k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since December 2023, Sheng's direct individual holding has increased from 231.71m shares to 235.46m. Company insiders have collectively bought HK$1.3m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 01
Zengame Technology Holding Limited Approves Final Dividend for the Year Ended 31 December 2023 Zengame Technology Holding Limited at its annual general meeting held on 31 May 2024, declare a final dividend of HKD 0.23 per share for the year ended 31 December 2023. Upcoming Dividend • May 29
Upcoming dividend of HK$0.23 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 04 July 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to HK$3.52, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the Entertainment industry in Hong Kong. Total returns to shareholders of 203% over the past three years. Announcement • Mar 22
Zengame Technology Holding Limited, Annual General Meeting, May 31, 2024 Zengame Technology Holding Limited, Annual General Meeting, May 31, 2024. Agenda: To consider adoption of a new share scheme (including share option and share award) (the "New Share Scheme"). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CN¥0.72 (vs CN¥0.68 in FY 2022) Full year 2023 results: EPS: CN¥0.72 (up from CN¥0.68 in FY 2022). Revenue: CN¥2.06b (up 17% from FY 2022). Net income: CN¥725.9m (up 6.6% from FY 2022). Profit margin: 35% (down from 39% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 22
Zengame Technology Holding Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2023, Payable on 4 July 2024 Zengame Technology Holding Limited proposed a final ordinary dividend of HKD 0.23 per share for the year ended 31 December 2023. Ex-dividend date is 05 June 2024. Record date is 12 June 2024. Payment date is 04 July 2024. Announcement • Mar 21
Zengame Technology Holding Limited Announces Change of Company Secretary The board of directors of Zengame Technology Holding Limited announced that, with effect from 21 March 2024, Ms. Tam Sze Wai Sara has been appointed in replacement of Ms. Li Yan Wing Rita to act as company secretary of the Company. Ms. Tam is currently a manager of Corporate Services of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. She has over 10 years of experience in the corporate secretarial field and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Tam is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute. Announcement • Mar 12
Zengame Technology Holding Limited to Report Fiscal Year 2023 Results on Mar 21, 2024 Zengame Technology Holding Limited announced that they will report fiscal year 2023 results on Mar 21, 2024 Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$5.50, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 19x in the Entertainment industry in Hong Kong. Total returns to shareholders of 508% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$4.70, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 18x in the Entertainment industry in Hong Kong. Total returns to shareholders of 444% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$5.10, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 19x in the Entertainment industry in Hong Kong. Total returns to shareholders of 449% over the past three years. Reported Earnings • Sep 17
First half 2023 earnings released: EPS: CN¥0.41 (vs CN¥0.24 in 1H 2022) First half 2023 results: EPS: CN¥0.41 (up from CN¥0.24 in 1H 2022). Revenue: CN¥1.02b (up 64% from 1H 2022). Net income: CN¥404.8m (up 71% from 1H 2022). Profit margin: 40% (up from 38% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Zengame Technology Holding Limited to Report First Half, 2023 Results on Aug 23, 2023 Zengame Technology Holding Limited announced that they will report first half, 2023 results on Aug 23, 2023 Announcement • Jul 14
Zengame Technology Holding Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Zengame Technology Holding Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the Group is expected to record an increase in its net profit attributable to owners of the Company by approximately 65% to 85% as compared to that for the six months ended 30 June 2022. Such increase in the expected net profit was mainly attributable to the steadily growing revenue generated from the Group's principal products for the first half year of 2023 due to the continuous quality improvement of the Group's game products and the iterative innovation of the product content. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.83, the stock trades at a trailing P/E ratio of 5.2x. Average forward P/E is 8x in the Entertainment industry in Hong Kong. Total returns to shareholders of 288% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of HK$0.21 per share at 5.8% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (2.4%). Announcement • Jun 21
Zengame Technology Holding Limited Approves Final Dividend for the Year Ended 31 December 2022 Zengame Technology Holding Limited at its annual general meeting held on 20 June 2023, approved to declare a final dividend of HKD 0.21 per share for the year ended 31 December 2022. Recent Insider Transactions Derivative • Jun 10
Executive Chairman of the Board & CEO exercised options to buy HK$1.9m worth of stock. On the 7th of June, Sheng Ye exercised options to buy 500k shares at a strike price of around HK$1.29, costing a total of HK$645k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2022, Sheng has owned 231.71m shares directly. Company insiders have collectively sold HK$1.3m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 07
Insider recently sold HK$1.9m worth of stock On the 2nd of June, Wei Zhang sold around 500k shares on-market at roughly HK$3.83 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$3.8m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$3.66, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 9x in the Entertainment industry in Hong Kong. Total returns to shareholders of 404% over the past three years. Recent Insider Transactions • May 25
Board Member recently sold HK$320k worth of stock On the 22nd of May, Mi Xiong sold around 100k shares on-market at roughly HK$3.20 per share. This transaction amounted to 47% 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 the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.49 in FY 2021) Full year 2022 results: EPS: CN¥0.68 (up from CN¥0.49 in FY 2021). Revenue: CN¥1.77b (up 20% from FY 2021). Net income: CN¥680.8m (up 36% from FY 2021). Profit margin: 39% (up from 34% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$3.98, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 9x in the Entertainment industry in Hong Kong. Total returns to shareholders of 489% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$3.67, the stock trades at a trailing P/E ratio of 5.6x. Average forward P/E is 11x in the Entertainment industry in Hong Kong. Total returns to shareholders of 352% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$2.61, the stock trades at a trailing P/E ratio of 3.9x. Average forward P/E is 8x in the Entertainment industry in Hong Kong. Total returns to shareholders of 312% over the past three years. Announcement • Jan 19
Zengame Technology Holding Limited Provides Earnings Guidance for the Year Ended December 31, 2022 Zengame Technology Holding Limited provided earnings guidance for the year ended December 31, 2022. For the year, the company expects to record an increase in its net profit attributable to owners of the Company for the year ended 31 December 2022 by approximately 30% to 42% as compared to that for the year ended 31 December 2021. Such increase in the expected net profit was mainly attributable to the steadily growing revenue generated fromthe Group's principal products for the year of 2022 due to the Group's product iterative innovation and steady development of product channel. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 20% share price gain to HK$2.01, the stock trades at a trailing P/E ratio of 3.1x. Average forward P/E is 7x in the Entertainment industry in Hong Kong. Total returns to shareholders of 213% over the past three years. Upcoming Dividend • Nov 16
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 21 November 2022. Payment date: 15 December 2022. Trailing yield: 7.6%. Lower than top quartile of Hong Kong dividend payers (8.8%). Higher than average of industry peers (2.9%). Announcement • Nov 08
Zengame Technology Holding Limited Declares Special Dividend, Will Be Distributed on or Before 15 December 2022 Zengame Technology Holding Limited announce that at the Board meeting held on 7 November 2022, Board has resolved to declare the Special Dividend of HKD 0.15 per ordinary share of the Company (the "Share(s)") to the Shareholders whose names appear on the register of members of the Company on 25 November 2022 and the Special Dividend will be distributed on or before 15 December 2022. Reported Earnings • Aug 23
First half 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.14 in 1H 2021) First half 2022 results: EPS: CN¥0.24 (up from CN¥0.14 in 1H 2021). Revenue: CN¥619.8m (up 40% from 1H 2021). Net income: CN¥237.0m (up 63% from 1H 2021). Profit margin: 38% (up from 33% in 1H 2021). 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 23% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Zengame Technology Holding Limited to Report Q2, 2022 Results on Aug 22, 2022 Zengame Technology Holding Limited announced that they will report Q2, 2022 results on Aug 22, 2022 Announcement • Jul 15
Zengame Technology Holding Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Zengame Technology Holding Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the Group is expected to record an increase in its net profit attributable to owners of the Company for the six months ended 30 June 2022 by approximately 50% to 75% as compared to that for the six months ended 30 June 2021. Such increase in the expected net profit was mainly attributable to the steadily growing revenue generated from the Group's principal products for the first half year of 2022 due to the Group's product iterative innovation and steady development of product channel. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorated over the past week After last week's 26% share price decline to HK$1.40, the stock trades at a trailing P/E ratio of 2.4x. Average forward P/E is 6x in the Entertainment industry in Hong Kong. Total returns to shareholders of 102% over the past three years. Upcoming Dividend • May 26
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 7.8%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (2.6%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.49 (vs CN¥0.22 in FY 2020) Full year 2021 results: EPS: CN¥0.49 (up from CN¥0.22 in FY 2020). Revenue: CN¥1.47b (up 99% from FY 2020). Net income: CN¥500.3m (up 126% from FY 2020). Profit margin: 34% (up from 30% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 33% compared to a 30% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 15% share price gain to HK$2.19, the stock trades at a trailing P/E ratio of 3.6x. Average forward P/E is 6x in the Entertainment industry in Hong Kong. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 16% share price gain to HK$1.30, the stock trades at a trailing P/E ratio of 4.6x. Average forward P/E is 7x in the Entertainment industry in Hong Kong. Total returns to shareholders of 4.9% over the past year. Announcement • Jan 25
Zengame Technology Holding Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2021 Zengame Technology Holding Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2021. The board of directors of the company expects to record an increase in its net profit attributable to owners of the Company for the year ended 31 December 2021 by approximately 110% to 135% as compared to that for the year ended 31 December 2020. Such increase in the expected net profit was mainly attributable to the significant increase in the revenue generated from the sales of virtual items due to (i) product innovation; and (ii) development of a new promotion channel. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improved over the past week After last week's 15% share price gain to HK$1.42, the stock trades at a trailing P/E ratio of 5x. Average forward P/E is 9x in the Entertainment industry in Hong Kong. Total returns to shareholders of 34% over the past year. Reported Earnings • Aug 22
First half 2021 earnings released: EPS CN¥0.14 (vs CN¥0.13 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥444.2m (down 5.2% from 1H 2020). Net income: CN¥145.7m (up 11% from 1H 2020). Profit margin: 33% (up from 28% in 1H 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥1.61, the stock trades at a trailing P/E ratio of 6.2x. Average forward P/E is 9x in the Entertainment industry in Hong Kong. Total returns to shareholders of 54% over the past year. Executive Departure • Jul 02
Joint Company Secretary Yong Zhang has left the company On the 25th of June, Yong Zhang's tenure as Joint Company Secretary ended after 4.2 years in the role. We don't have any record of a personal shareholding under Yong's name. Yong is the only executive to leave the company over the last 12 months. Announcement • May 15
Zengame Technology Holding Limited Approves Final Dividend for the Year Ended December 31, 2020 Zengame Technology Holding Limited at it AGM held on May 14, 2021, approved the declaration of final dividend of HKD 0.06 per share for the year ended 31 December 2020. Upcoming Dividend • May 13
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 17 June 2021. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (6.0%). Higher than average of industry peers (2.5%). Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.22 (vs CN¥0.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥742.5m (up 12% from FY 2019). Net income: CN¥221.0m (up 38% from FY 2019). Profit margin: 30% (up from 24% in FY 2019). The increase in margin was driven by higher revenue. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.22 (vs CN¥0.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥742.5m (up 12% from FY 2019). Net income: CN¥221.0m (up 38% from FY 2019). Profit margin: 30% (up from 24% in FY 2019). The increase in margin was driven by higher revenue. 