Upcoming Dividend • May 04
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Hong Kong dividend payers (6.8%). Lower than average of industry peers (8.8%). Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.40 (up from CN¥0.26 in FY 2024). Revenue: CN¥1.90b (up 73% from FY 2024). Net income: CN¥301.5m (up 57% from FY 2024). Profit margin: 16% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 58% per year whereas the company’s share price has increased by 55% per year. Announcement • Mar 19
China Beststudy Education Group, Annual General Meeting, May 06, 2026 China Beststudy Education Group, Annual General Meeting, May 06, 2026. Announcement • Mar 07
China Beststudy Education Group to Report Fiscal Year 2025 Results on Mar 19, 2026 China Beststudy Education Group announced that they will report fiscal year 2025 results on Mar 19, 2026 Reported Earnings • Sep 27
First half 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.072 in 1H 2024) First half 2025 results: EPS: CN¥0.20 (up from CN¥0.072 in 1H 2024). Revenue: CN¥917.1m (up 189% from 1H 2024). Net income: CN¥151.3m (up 177% from 1H 2024). Profit margin: 17% (in line with 1H 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 11
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (6.6%). Lower than average of industry peers (6.6%). Reported Earnings • Aug 23
First half 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.072 in 1H 2024) First half 2025 results: EPS: CN¥0.20 (up from CN¥0.072 in 1H 2024). Revenue: CN¥917.1m (up 189% from 1H 2024). Net income: CN¥151.3m (up 177% from 1H 2024). Profit margin: 17% (in line with 1H 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 16
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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. Announcement • Aug 12
China Beststudy Education Group to Report First Half, 2025 Results on Aug 21, 2025 China Beststudy Education Group announced that they will report first half, 2025 results on Aug 21, 2025 Announcement • Jul 25
China Beststudy Education Group Provides Unaudited Consolidated Earnings Guidance for Six Months Ended 30 June 2025 China Beststudy Education Group provided unaudited consolidated earnings guidance for six months ended 30 June 2025. For the period, the company informed the shareholders of the Company and potential investors that based on the preliminary review and analysis of the unaudited consolidated management accounts of the Group, it is expected that, during the Reporting Period, the Group's revenue was no less than RMB 850 million, with a year-on-year growth of no less than 167.8%, and the net profit was no less than RMB 140 million, with a year-on-year growth of no less than 157.3%. The Board is of the view that the increase is mainly due to (i) the continuous improvement of the quality of talent education products and services; and (ii) the market expansion in Guangzhou, Shenzhen and Foshan has achieved remarkable results. Announcement • May 16
China Beststudy Education Group Approves Final Dividend for the Year Ended 31 December 2024 The board of directors of China Beststudy Education Group announced the poll results of the annual general meeting of the Company which was held on 16 May 2025. The shareholders declared and approved payment of a final dividend of 12.3 HKD cents per share for the year ended 31 December 2024. Upcoming Dividend • May 16
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 23 May 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (7.1%). Reported Earnings • Apr 27
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.26 (up from CN¥0.12 in FY 2023). Revenue: CN¥1.10b (up 125% from FY 2023). Net income: CN¥192.5m (up 111% from FY 2023). Profit margin: 18% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 168% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to HK$4.72, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 1,973% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.26 (up from CN¥0.12 in FY 2023). Revenue: CN¥1.10b (up 125% from FY 2023). Net income: CN¥192.5m (up 111% from FY 2023). Profit margin: 18% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 149% per year, which means it is tracking significantly ahead of earnings growth. 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 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. This is currently the only risk that has been identified for the company. Announcement • Mar 06
China Beststudy Education Group to Report Fiscal Year 2024 Results on Mar 20, 2025 China Beststudy Education Group announced that they will report fiscal year 2024 results on Mar 20, 2025 Announcement • Jan 03
China Beststudy Education Group Announces Three-Year Dividend Distribution Plan The board of directors of China Beststudy Education Group announced that it has approved dividend distribution plan for the three financial years 2024, 2025 and 2026 (the "Three-Year Dividend Distribution Plan"). Under the Three-Year Dividend Distribution Plan, the Company aims to gradually increase its dividend payout ratio to 50%, 60% and 70% of the net profit attributable to the Company's owners in the previous financial year over the next three years, and to distribute dividends twice a year, namely, the annual and interim dividends. After the implementation of the above dividend distribution plan is completed, the Board will formulate a new dividend distribution plan based on the Group 's performance and financial position. The Company will issue further announcements in a timely manner. Any dividend proposal, declaration and payment shall also comply with all applicable laws and regulations and the articles of association of the Company. The Three-Year Dividend Distribution Plan is to respond to the demand of the market and protect the legitimate rights and interests of investors by increasing returns, while maintaining the sound financial position of the Group to support its sustainable development needs. The Board considers that the implementation of the Three-Year Dividend Distribution Plan is in the best interests of the Company and the shareholders of the Company as a whole. Announcement • Oct 22
China Beststudy Education Group Announces Resignation of Wenhui Xu as Non-Executive Director and Member of the Audit Committee The board of directors of China Beststudy Education Group (the Company) announced that Mr. Wenhui Xu (Mr. Xu) tendered his resignation as a non-executive director of the Company and a member of the audit committee of the Company (the Audit Committee) with effect from 22 October 2024 as he would like to devote more time to his personal career. Mr. Xu has confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the Company. Announcement • Oct 16
China Beststudy Education Group Appoints Haipeng Shen as an Independent Non-Executive Director and A Member of the Nomination Committee China Beststudy Education Group announced appointment of Mr. Haipeng Shen as an independent non-executive Director and a member of the nomination committee of the Company, with effect from 16 October 2024. Mr. Shen, Aged 47, Has Been A Professor of the Faculty of Business and Economics of the University of Hong Kong (Now Known as Hku Business School) Since September 2015, and Has Served as the Associate Dean, Oversees the University's Executive Education Program, Since September 2017. Mr. Shen Was A Tenure-Track Assistant Professor from July 2003 to June 2009, A Tenured Associate Professor from July 2009 to June 2014, and A Tenured Professor from July 2014 to August 2015 At the Department of Statistics and Operations Research At the University of North Carolina At Chapel Hill, United States. Mr. Shen Has over 20 Years of Experience in the Field of Education, He Was Granted the Outstanding Teaching Award by Hku Business School and Guanghua School of Management of Peking University in December 2020. Mr. Shen Was Named Forbes China Digital Trade Leader (Research) in September 2023 and Was Recognised as A Fellow of the Institute of Mathematical Statistics in May 2024. Since July 2018, Mr. Shen Has Been an Independent Director of Chow Tai Seng Jewellery Company Limited, A Company Listed on the Shenzhen Stock Exchange (Stock Code: 002867); an Independent Non-Executive Director of Intellicentrics Global Holdings Ltd., A Company Listed on the Hong Kong Stock Exchange (Stock Code: 6819) from March 2019 to January 2020; and an Independent Non-Executive Director of Onewo Inc., A Company Listed on the Stock Exchange of Hong Kong Limited (Stock Code: 2602) Since September 2022. Mr. Shen Obtained His Bachelor's Degree in Mathematics from Peking University in the Prc in July 1998. Mr. Shen Then Obtained His Master's Degree in Art and His Doctorate Degree in Philosophy from the Wharton School of Business, University of Pennsylvania, United States, in August 2000 and August 2003, Respectively. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$3.32, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 441% over the past three years. Recent Insider Transactions • Oct 04
Non-Executive Director recently sold HK$363k worth of stock On the 30th of September, Wenhui Xu sold around 100k shares on-market at roughly HK$3.63 per share. This transaction amounted to 1.4% 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$11m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$3.28, the stock trades at a trailing P/E ratio of 17.5x. Average forward P/E is 5x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 471% over the past three years. New Risk • Aug 17
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 Hong Kong stocks, typically moving 9.4% 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 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Significant insider selling over the past 3 months (HK$1.7m sold). Reported Earnings • Aug 11
First half 2024 earnings released: EPS: CN¥0.072 (vs CN¥0.028 in 1H 2023) First half 2024 results: EPS: CN¥0.072 (up from CN¥0.028 in 1H 2023). Revenue: CN¥317.4m (up 68% from 1H 2023). Net income: CN¥54.5m (up 161% from 1H 2023). Profit margin: 17% (up from 11% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Announcement • Jul 26
China Beststudy Education Group to Report First Half, 2024 Results on Aug 08, 2024 China Beststudy Education Group announced that they will report first half, 2024 results on Aug 08, 2024 Recent Insider Transactions • Jun 06
Non-Executive Director recently sold HK$1.3m worth of stock On the 3rd of June, Wenhui Xu sold around 350k shares on-market at roughly HK$3.82 per share. This transaction amounted to 4.8% 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$11m more than they bought in the last 12 months. Recent Insider Transactions • May 14
Non-Executive Director recently sold HK$686k worth of stock On the 9th of May, Wenhui Xu sold around 200k shares on-market at roughly HK$3.43 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$1.1m. Insiders have been net sellers, collectively disposing of HK$6.9m more than they bought in the last 12 months. Upcoming Dividend • May 13
Upcoming dividend of HK$0.035 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 06 June 2024. Trailing yield: 1.0%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (5.0%). Recent Insider Transactions • May 09
Non-Executive Director recently sold HK$843k worth of stock On the 3rd of May, Wenhui Xu sold around 238k shares on-market at roughly HK$3.54 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$1.1m. Insiders have been net sellers, collectively disposing of HK$5.8m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.25, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 4x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 34% over the past three years. Recent Insider Transactions • Apr 24
Non-Executive Director recently sold HK$1.1m worth of stock On the 18th of April, Wenhui Xu sold around 380k shares on-market at roughly HK$2.94 per share. This transaction amounted to 3.9% 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$3.0m more than they bought in the last 12 months. Recent Insider Transactions • Apr 19
Non-Executive Director recently sold HK$86k worth of stock On the 12th of April, Wenhui Xu sold around 29k shares on-market at roughly HK$2.98 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 sale worth HK$283k. Insiders have been net sellers, collectively disposing of HK$1.6m more than they bought in the last 12 months. Recent Insider Transactions • Apr 09
Non-Executive Director recently sold HK$283k worth of stock On the 5th of April, Wenhui Xu sold around 100k shares on-market at roughly HK$2.83 per share. This transaction amounted to 1.0% 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$1.5m more than they bought in the last 12 months. New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 23% per year over the past 5 years. Announcement • Mar 09
China Beststudy Education Group to Report Fiscal Year 2023 Results on Mar 27, 2024 China Beststudy Education Group announced that they will report fiscal year 2023 results on Mar 27, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to HK$2.44, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 8x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 6.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.35, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 9x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 51% over the past three years. New Risk • Jan 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$754.1m (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$1.7m sold). Market cap is less than US$100m (HK$754.1m market cap, or US$96.5m). Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$1.21, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 9x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 57% over the past three years. Recent Insider Transactions • Jan 09
Non-Executive Director recently sold HK$235k worth of stock On the 3rd of January, Wenhui Xu sold around 125k shares on-market at roughly HK$1.88 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$293k. Insiders have been net sellers, collectively disposing of HK$1.2m more than they bought in the last 12 months. Recent Insider Transactions • Dec 22
Non-Executive Director recently sold HK$257k worth of stock On the 15th of December, Wenhui Xu sold around 200k shares on-market at roughly HK$1.29 per share. This transaction amounted to 1.9% 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. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 73% After last week's 73% share price gain to HK$1.73, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 9x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 38% over the past three years. New Risk • Nov 15
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 Hong Kong stocks, typically moving 9.8% 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 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$564.4m market cap, or US$72.3m). Reported Earnings • Sep 27
First half 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.007 in 1H 2022) First half 2023 results: EPS: CN¥0.028 (up from CN¥0.007 in 1H 2022). Revenue: CN¥188.9m (down 30% from 1H 2022). Net income: CN¥20.9m (up 300% from 1H 2022). Profit margin: 11% (up from 1.9% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 36% per year whereas the company’s share price has fallen by 39% per year. Announcement • Aug 16
China Beststudy Education Group to Report First Half, 2023 Results on Aug 30, 2023 China Beststudy Education Group announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.43 loss in FY 2021) Full year 2022 results: EPS: CN¥0.075 (up from CN¥0.43 loss in FY 2021). Revenue: CN¥491.1m (down 74% from FY 2021). Net income: CN¥56.3m (up CN¥381.3m from FY 2021). Profit margin: 12% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
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. 5 non-independent directors. Independent Non-Executive Director Jun Gan was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
China Beststudy Education Group Announces Appointment of Gan Jun as Independent Non-Executive Director, as A Chairman of the Audit Committee of the Company and as A Member of the Remuneration Committee China Beststudy Education Group announced that Mr. Gan Jun ("Mr. Gan") has been appointed as an independent non-executive Director, as a chairman of the audit committee of the Company and as a member of the remuneration committee of the Company, with effect from 23 September 2022. Mr. Gan, aged 53, obtained a bachelor's degree in accountancy from Southwestern University of Finance and Economics in the People's Republic of China (the "PRC") in December 1996. He is a certified public accountant and registered tax adviser in the PRC. Mr. Gan has over 30 years of experience in accounting and taxation. From October 2004 to February 2006, he worked as a financial manager and an assistant to the general manager in Guangdong Gentle Technology Company Limited; from September 2007 to October 2016, he worked as an assistant to the chief executive officer in Chiho Environmental Group Limited, formerly known as Chiho-Tiande Group Limited, a company listed on the main board of The Stock Exchange of Hong Kong Limited, and a director of its subsidiary; from November 2016 to September 2018, he worked as an audit manager in Morison Heng CPA Limited; from June 2021 to March 2022, he worked as the chairman and the chief financial officer in a subsidiary of Huazhang Technology Holding Limited, a company listed on the main board of the Stock Exchange (stock code: 1673); and from December 2021 to March 2022, he also served s an executive director of Huazhang Technology Holding Limited. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0.007 (vs CN¥0.008 in 1H 2021) First half 2022 results: EPS: CN¥0.007 (down from CN¥0.008 in 1H 2021). Revenue: CN¥268.4m (down 76% from 1H 2021). Net income: CN¥5.23m (down 10% from 1H 2021). Profit margin: 1.9% (up from 0.5% in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Aug 19
China Beststudy Education Group to Report Q2, 2022 Results on Aug 30, 2022 China Beststudy Education Group announced that they will report Q2, 2022 results on Aug 30, 2022 Announcement • Jul 05
China Beststudy Education Group Announces Resignation of Peng Xue as an Independent Non-Executive Director, Chairman of the Audit Committee of the Company and A Member of the Remuneration Committee The board of directors of China Beststudy Education Group announced that Mr. Peng Xue tendered his resignation as an independent non-executive director of the Company with effect from 4 July 2022 as he cannot take on more responsibilities of the Company due to his other business commitments that require more of his dedication. Upon Mr. Xue's resignation, he has also ceased to be the chairman of the audit committee of the Company (the "Audit Committee") and a member of the remuneration committee of the Company. Announcement • May 28
China Beststudy Education Group, Annual General Meeting, Jun 30, 2022 China Beststudy Education Group, Annual General Meeting, Jun 30, 2022, at 14:30 China Standard Time. Location: 41/F, Xinde Business Centre, Zhongshan 4th Road, Yuexiu District, Guangzhou Guangdong Province China Agenda: To receive and consider the audited consolidated financial statements of the company and the reports of the directors and auditors of the company for the year ended December 31, 2021; to re-elect Mr. Junying Tang as an executive director of the company; to re-elect Mr. Wenhui Xu as a non-executive director of the company; to re-elect Mr. Caihe Lin as an independent non-executive director of the company; to re-elect Ms. Weiying Guan as an executive director of the company; to authorize the board of directors of the company to fix the remuneration of directors of the company; and to consider other matters. Board Change • Apr 27
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. 5 non-independent directors. Independent Non-Executive Director Caihe Lin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: CN¥0.54 loss per share (vs CN¥0.16 profit in FY 2020) Full year 2021 results: CN¥0.54 loss per share (down from CN¥0.16 profit in FY 2020). Revenue: CN¥1.90b (up 13% from FY 2020). Net loss: CN¥405.3m (down 413% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 11 percentage points per year, which is a significant difference in performance. Announcement • Apr 01
China Beststudy Education Group Appoints Weiying Guan as Executive Director China Beststudy Education Group announced that Ms. Weiying Guan ("Ms. Guan") has been appointed as an executive Director of the Company, with effect from 31 March 2022. Ms. Guan, aged 51, obtained a master's degree in business administration from Jinan University and a bachelor's degree in international trade from Sun Yat-sen University in June 2001 and July 1993 respectively. Announcement • Mar 23
China Beststudy Education Group to Report Fiscal Year 2021 Results on Mar 31, 2022 China Beststudy Education Group announced that they will report fiscal year 2021 results on Mar 31, 2022 Announcement • Feb 08
China Beststudy Education Group Provides Earnings Guidance for the Financial Year Ended 31 December 2021 China Beststudy Education Group provided earnings guidance for the financial year ended 31 December 2021. For the year, the company expects to record a net loss ranging from approximately RMB 200.00 million to RMB 300.00 million for the financial year ended 31 December 2021 as compared to the profit for the year of approximately RMB 127.79 million for the financial year ended 31 December 2020, as disclosed in the Company's annual report for the financial year ended 31 December 2020, which was published on 14 April 2021. This is primarily due to the following factors: (i) compensation for dismissal of employees, liquidated damages for surrender for rental, upfront expenses of decoration and the provision made by the Company for impairment in certain long-term assets; and (ii) as disclosed in the Company's inside information announcement dated 17 December 2021, entitled overdue redemption of certain wealth management products, certain wealth management products purchased by the Company are overdue for redemption and other wealth management products purchased by the Company may also be subject to the risk of overdue redemption. Announcement • Jan 30
China Beststudy Education Group Provides Earnings Guidance for the Year 2021 Reference is made to the announcement of China Beststudy Education Group dated 17 December 2021, which disclosed that the Company planned to cease its tutoring services business related to academic subjects at the compulsory education stage (the "Compulsory Education Tutoring Services") with effect from January 2022 (the "Cessation of Business"). The Cessation of Business is in response to the Opinions on Further Reducing the Burden of Homework and Off-Campus Training for Compulsory Education Students, published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council and the related implementation rules, regulations and measures promulgated by competent authorities. The Company further noted in the announcement dated 17 December 2021 that for the financial year ended 31 December 2020 and the six months ended 30 June 2021, the revenues from offering Compulsory Education Tutoring Services accounted for approximately 80% of the Company's total revenues for fiscal year 2020 and six months 2021. In light of this, and based on the management's preliminary assessment of the Company, the above-mentioned government policies and business adjustments of the Company will have a substantial impact on the Company's revenues. The Company is expected to record a substantial decrease in revenue and a significant loss for the financial year of 2021. Reported Earnings • Sep 05
First half 2021 earnings released: EPS CN¥0.008 (vs CN¥0.069 in 1H 2020) The company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: CN¥1.10b (up 43% from 1H 2020). Net income: CN¥5.84m (down 89% from 1H 2020). Profit margin: 0.5% (down from 7.1% in 1H 2020). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥1.39, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 62% over the past year. Recent Insider Transactions • Jun 09
Non-Executive Director recently bought HK$75k worth of stock On the 4th of June, Wen Hui Xu bought around 43k shares on-market at roughly HK$1.74 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$1.1m. Insiders have collectively bought HK$27m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 01
Non-Executive Director recently bought HK$134k worth of stock On the 25th of May, Wen Hui Xu bought around 72k shares on-market at roughly HK$1.86 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$4.6m. Insiders have collectively bought HK$27m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 22
Non-Executive Director recently bought HK$119k worth of stock On the 17th of May, Wen Hui Xu bought around 54k shares on-market at roughly HK$2.20 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$4.6m. Insiders have collectively bought HK$27m more in shares than they have sold in the last 12 months. Announcement • May 15
China Beststudy Education Group Approves Dividend for the Year Ended December 31, 2021 China Beststudy Education Group at its annual general meeting held on May 14, 2021, declared and approved payment of a final dividend of HKD 5.5 cents per ordinary share for the year ended December 31, 2020 from the share premium account of the company. Upcoming Dividend • May 11
Upcoming dividend of HK$0.055 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 03 June 2021. Trailing yield: 2.4%. Lower than top quartile of Hong Kong dividend payers (5.9%). Higher than average of industry peers (1.9%). Executive Departure • Apr 17
Joint Company Secretary has left the company On the 14th of April, Zhu Changxu's tenure as Joint Company Secretary ended after 2.8 years in the role. We don't have any record of a personal shareholding under Zhu's name. Zhu is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥0.17 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥1.69b (down 7.9% from FY 2019). Net income: CN¥129.7m (down 4.3% from FY 2019). Profit margin: 7.7% (up from 7.4% in FY 2019). Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥0.17 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥1.69b (down 7.9% from FY 2019). Net income: CN¥129.7m (down 4.3% from FY 2019). Profit margin: 7.7% (up from 7.4% in FY 2019). Announcement • Mar 16
China Beststudy Education Group to Report Fiscal Year 2020 Results on Mar 25, 2021 China Beststudy Education Group announced that they will report fiscal year 2020 results on Mar 25, 2021 Recent Insider Transactions • Mar 10
Insider recently bought HK$4.6m worth of stock On the 5th of March, Shaoping Fu bought around 2m shares on-market at roughly HK$2.64 per share. In the last 3 months, they made an even bigger purchase worth HK$11m. Insiders have collectively bought HK$27m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 23
Insider recently bought HK$11m worth of stock On the 18th of February, Shaoping Fu bought around 4m shares on-market at roughly HK$2.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$23m more in shares than they have sold in the last 12 months. 