New Risk • Jun 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 63% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • May 29
Cosmos Group Co., Ltd. (SZSE:002133) announces an Equity Buyback for CNY 30 million worth of its shares. Cosmos Group Co., Ltd. (SZSE:002133) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be repurchased at CNY 4.83 per share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded from company's own funds and Self-Financing. The program will be valid for 12 months from the Company's Directorate's Approval Date. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.05 (vs CN¥1.30 loss in FY 2024) Full year 2025 results: EPS: CN¥0.05 (up from CN¥1.30 loss in FY 2024). Revenue: CN¥4.08b (down 12% from FY 2024). Net income: CN¥38.3m (up CN¥1.05b from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Cosmos Group Co., Ltd., Annual General Meeting, May 19, 2026 Cosmos Group Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 18F, No. 68, Longshe Road, Shangcheng District, Hangzhou, Zhejiang China Announcement • Mar 31
Cosmos Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Cosmos Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Cosmos Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Cosmos Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.12 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.005 (up from CN¥0.12 loss in 3Q 2024). Revenue: CN¥956.0m (down 20% from 3Q 2024). Net income: CN¥3.99m (up CN¥95.0m from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Cosmos Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Cosmos Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Sep 27
Cosmos Group Co., Ltd. Approves Interim Profit Distribution Plan Cosmos Group Co., Ltd. at 5th Extraordinary General Meeting of 2025 to be held on September 25, 2025 approved interim profit distribution plan for 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY0.50000000. New Risk • Sep 16
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Earnings have declined by 69% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Announcement • Sep 04
Cosmos Group Co., Ltd. Approves Board Elections Cosmos Group Co., Ltd. at its EGM held on September 2, 2025 approved election of Bai Lin as non-independent director and Sun Jianping as independent director. Announcement • Sep 02
Cosmos Group Co., Ltd. Proposes Interim Profit Distribution Plan for 2025 Cosmos Group Co., Ltd. at 5th Extraordinary General Meeting of 2025 to be held on September 25, 2025 proposed interim profit distribution plan for 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY0.50000000. Announcement • Jul 02
Cosmos Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Cosmos Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • May 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 56% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 63% per year over the past 5 years. Minor Risks High level of debt (56% net debt to equity). Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • Apr 26
Full year 2024 earnings released: CN¥1.30 loss per share (vs CN¥0.05 profit in FY 2023) Full year 2024 results: CN¥1.30 loss per share (down from CN¥0.05 profit in FY 2023). Revenue: CN¥4.65b (down 50% from FY 2023). Net loss: CN¥1.01b (down CN¥1.05b from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Cosmos Group Co., Ltd., Annual General Meeting, May 20, 2025 Cosmos Group Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Apr 04
Cosmos Group Co., Ltd. (SZSE:002133) announces an Equity Buyback for CNY 30 million worth of its shares. Cosmos Group Co., Ltd. (SZSE:002133) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The repurchase will be made at a price not exceeding CNY 4 per share. The shares repurchased will be used for an employee shareholding plan or as an equity incentive. The repurchase period is within 12 months after the approval of the shareholders’ meeting. Announcement • Mar 31
Cosmos Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Cosmos Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Dec 31
Cosmos Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Cosmos Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.078 profit in 3Q 2023) Third quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.078 profit in 3Q 2023). Revenue: CN¥1.20b (down 57% from 3Q 2023). Net loss: CN¥91.0m (down 235% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Cosmos Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Cosmos Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.084 loss per share (vs CN¥0.009 profit in 2Q 2023) Second quarter 2024 results: CN¥0.084 loss per share (down from CN¥0.009 profit in 2Q 2023). Revenue: CN¥815.3m (down 73% from 2Q 2023). Net loss: CN¥64.4m (down CN¥71.4m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 01
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 29% lower than last year. Ex-date: 5th July 2024 Payment date: 5th July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (3% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 29
Cosmos Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Cosmos Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • May 01
Cosmos Group Co., Ltd., Annual General Meeting, May 31, 2024 Cosmos Group Co., Ltd., Annual General Meeting, May 31, 2024, at 13:30 China Standard Time. Location: 18F, Tower 1, No. 68, Longshe Road, Shangcheng District, Hangzhou, Zhejiang China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.11 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.004 (down from CN¥0.11 in 1Q 2023). Revenue: CN¥1.34b (down 20% from 1Q 2023). Net income: CN¥3.37m (down 96% from 1Q 2023). Profit margin: 0.3% (down from 5.0% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥2.36, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 21x in the Real Estate industry in China. Total loss to shareholders of 15% over the past three years. Announcement • Mar 30
Cosmos Group Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Cosmos Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥2.71, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 18x in the Real Estate industry in China. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥3.01, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 18x in the Real Estate industry in China. Total returns to shareholders of 20% over the past three years. Announcement • Dec 30
Cosmos Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Cosmos Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Announcement • Jun 28
Cosmos Group Co., Ltd. Announces the Final Cash Dividend (A Shares) (Tax Included) for 2022, Payable on 05 July 2023 Cosmos Group Co., Ltd. announced the final cash dividend (A shares) (tax included) for 2022 of CNY 0.70000000 per 10 shares. The dividend will be payable on 05 July 2023 with Record date of 04 July 2023 and Ex-date of 05 July 2023. Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.42 in FY 2021) Full year 2022 results: EPS: CN¥0.15 (down from CN¥0.42 in FY 2021). Revenue: CN¥6.03b (down 18% from FY 2021). Net income: CN¥113.0m (down 65% from FY 2021). Profit margin: 1.9% (down from 4.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 10
Cosmos Group Co., Ltd. Announces Executive Appointments Cosmos Group Co., Ltd. approved the election of Jia Shenghua, Yao Zheng and Wang Xiaoyi as independent directors at its EGM held on 08 November 2022. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.006 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.006 in 3Q 2021). Revenue: CN¥1.05b (up 4.4% from 3Q 2021). Net income: CN¥52.4m (up CN¥47.8m from 3Q 2021). Profit margin: 5.0% (up from 0.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.21 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.21 in 2Q 2021). Revenue: CN¥1.94b (down 13% from 2Q 2021). Net income: CN¥40.8m (down 75% from 2Q 2021). Profit margin: 2.1% (down from 7.3% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
Cosmos Group Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on July 29, 2022 Cosmos Group Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares), payable on July 29, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.50000000. The record date is July 28, 2022 and ex-date is July 29, 2022. Announcement • Jun 09
Cosmos Group Co., Ltd. Approves Cash Dividend for the Year 2021 Cosmos Group Co., Ltd. approved a cash dividend of CNY 0.50000000 for every 10 shares for the year 2021 at the AGM held on June 6, 2022. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥3.84, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 18x in the Real Estate industry in China. Total returns to shareholders of 13% over the past three years. Announcement • May 08
Cosmos Group Co., Ltd. Proposes Final Dividend for the Year 2021 Cosmos Group Co., Ltd. proposed cash dividend/10 shares (tax included) of CNY0.50000000 for the year 2021. Announcement • May 07
Cosmos Group Co., Ltd., Annual General Meeting, Jun 06, 2022 Cosmos Group Co., Ltd., Annual General Meeting, Jun 06, 2022, at 13:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 financial report; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider 2021 special report on the deposit and use of raised funds; and to consider reappointment of audit firm. Reported Earnings • May 02
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.06 (up from CN¥0.02 in 1Q 2021). Revenue: CN¥2.28b (up 92% from 1Q 2021). Net income: CN¥43.8m (up 180% from 1Q 2021). Profit margin: 1.9% (up from 1.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 27%. Earnings per share (EPS) exceeded analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥4.88, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 17x in the Real Estate industry in China. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥4.15, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 14x in the Real Estate industry in China. Total returns to shareholders of 7.4% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.04, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 13x in the Real Estate industry in China. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥3.52, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 13x in the Real Estate industry in China. Total returns to shareholders of 8.6% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.051 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.23b (up 109% from 2Q 2020). Net income: CN¥161.8m (up 309% from 2Q 2020). Profit margin: 7.3% (up from 3.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Announcement • May 21
Cosmos Group Co., Ltd. Announces Dividend for 2020 Cosmos Group Co., Ltd., at its AGM held on May 18, 2021, approved dividend for 2020 of CNY 0.80000000 per 10 shares (tax included). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥3.43, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 16x in the Real Estate industry in China. Total loss to shareholders of 23% over the past three years. Announcement • Apr 27
Cosmos Group Co., Ltd. Announces Final Dividend Profit Distribution Proposal for 2020 Cosmos Group Co., Ltd. announced Final Dividend profit distribution proposal for 2020 Cash dividend/10 shares (tax included): CNY 0.80000000. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.38 (vs CN¥0.30 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥5.24b (up 36% from FY 2019). Net income: CN¥294.7m (up 26% from FY 2019). Profit margin: 5.6% (down from 6.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥2.78 The company is down 9.0% from its price of CN¥3.07 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 6.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥2.83 The company is down 10.0% from its price of CN¥3.14 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Real Estate industry, which is also down 10.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥3.03 The company is down 2.0% from its price of CN¥3.08 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 Real Estate industry, which is down 8.0% 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¥165.1m, down 26% from the prior year. Total revenue was CN¥4.54b over the last 12 months, up 21% from the prior year. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥3.07 The company is down 6.0% from its price of CN¥3.27 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 1.0% over the same period. Announcement • Sep 26
Cosmos Group Co., Ltd. (SZSE:002133) agreed to acquire 49.5% stake in Hangzhou Yuhui Enterprise Management Co., Ltd. from HangZhou ZhongBei Garden Real Estate Development Co., Ltd. for CNY 0.05 million. Cosmos Group Co., Ltd. (SZSE:002133) agreed to acquire 49.5% stake in Hangzhou Yuhui Enterprise Management Co., Ltd. from HangZhou ZhongBei Garden Real Estate Development Co., Ltd. for CNY 0.05 million on September 22, 2020. Under the transaction, Cosmos Group Co., Ltd. will acquire the shares of Hangzhou Yuhui Enterprise Management Co., Ltd. at CNY 1 per share. Upon completion, HangZhou ZhongBei Garden Real Estate Development Co., Ltd. will hold a 50.5% equity stake in Hangzhou Yuhui Enterprise Management. As at August 31, 2020, Hangzhou Yuhui Enterprise Management reported total assets of CNY 588.07. The acquisition was approved by the Board of Directors of Cosmos Group Co., Ltd. Announcement • Aug 13
Cosmos Group Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Cosmos Group Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 
