Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 67% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥104.0b to CN¥97.7b. EPS estimate also fell from CN¥1.87 per share to CN¥0.61 per share. Net income forecast to grow 202% next year vs 26% growth forecast for Food industry in China. Consensus price target broadly unchanged at CN¥20.89. Share price fell 5.0% to CN¥15.73 over the past week. Reported Earnings • Apr 22
First quarter 2026 earnings released: CN¥0.16 loss per share (vs CN¥0.30 profit in 1Q 2025) First quarter 2026 results: CN¥0.16 loss per share (down from CN¥0.30 profit in 1Q 2025). Revenue: CN¥24.5b (flat on 1Q 2025). Net loss: CN¥1.07b (down 154% from profit in 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 22
Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 13, 2026 Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 13, 2026, at 15:00 China Standard Time. Location: 1F, No. 9, Dongdi North Road, Xinxing County, Yunfu, Guangdong China Announcement • Mar 31
Wens Foodstuff Group Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Wens Foodstuff Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Mar 04
Wens Foodstuff Group Co., Ltd. (SZSE:300498) announces an Equity Buyback for CNY 1,200 million worth of its shares. Wens Foodstuff Group Co., Ltd. (SZSE:300498) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 24 per share. The shares repurchased will be used for ESOP or equity incentives programs. The company will use its own funds to fund this repurchase program. The plan will be valid for 12 months. Reported Earnings • Feb 26
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.79 (down from CN¥1.39 in FY 2024). Revenue: CN¥103.9b (flat on FY 2024). Net income: CN¥5.24b (down 43% from FY 2024). Profit margin: 5.0% (down from 8.8% in FY 2024). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 02
Black Sesame Technologies Co., Ltd. entered into the Equity Transfer Agreement to acquire 32.84% stake in Zhuhai Eeasy Electronic Technology Co., Ltd. from group of shareholders for approximately CNY 460 million. Black Sesame Technologies Co., Ltd. entered into the Equity Transfer Agreement to acquire 32.84% stake in Zhuhai Eeasy Electronic Technology Co., Ltd. from group of shareholders for approximately CNY 460 million on December 31, 2025.
The transaction is subject to shareholder approval. Announcement • Dec 31
Wens Foodstuff Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Wens Foodstuff Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Major Estimate Revision • Oct 28
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥1.30 to CN¥1.16 per share. Revenue forecast steady at CN¥100.8b. Net income forecast to grow 25% next year vs 27% growth forecast for Food industry in China. Consensus price target broadly unchanged at CN¥21.00. Share price was steady at CN¥18.23 over the past week. Reported Earnings • Oct 22
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.27 (down from CN¥0.77 in 3Q 2024). Revenue: CN¥25.9b (down 9.8% from 3Q 2024). Net income: CN¥1.78b (down 65% from 3Q 2024). Profit margin: 6.9% (down from 18% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
Wens Foodstuff Group Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025 Wens Foodstuff Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Aug 29
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: CN¥0.22 (down from CN¥0.39 in 2Q 2024). Revenue: CN¥25.6b (up 2.6% from 2Q 2024). Net income: CN¥1.47b (down 43% from 2Q 2024). Profit margin: 5.8% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Wens Foodstuff Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Wens Foodstuff Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥109.9b to CN¥104.0b. EPS estimate also fell from CN¥1.88 per share to CN¥1.55 per share. Net income forecast to shrink 16% next year vs 27% growth forecast for Food industry in China . Consensus price target reaffirmed at CN¥20.02. Share price was steady at CN¥16.94 over the past week. Announcement • Apr 25
Wens Foodstuff Group Co., Ltd. Proposes Final Dividend for the Year 2024 Wens Foodstuff Group Co., Ltd. proposed final dividend of CNY 2.00 per 10 shares (tax included) for the year 2024. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.19 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.19 loss in 1Q 2024). Revenue: CN¥24.3b (up 11% from 1Q 2024). Net income: CN¥2.00b (up CN¥3.24b from 1Q 2024). Profit margin: 8.2% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 14, 2025 Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 14, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Yunfu, Guangdong China Announcement • Mar 31
Wens Foodstuff Group Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Wens Foodstuff Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Feb 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 45% 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: Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥1.39 (up from CN¥0.97 loss in FY 2023). Revenue: CN¥104.9b (up 17% from FY 2023). Net income: CN¥9.24b (up CN¥15.6b from FY 2023). Profit margin: 8.8% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 31
Wens Foodstuff Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Wens Foodstuff Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.76 (up from CN¥0.024 in 3Q 2023). Revenue: CN¥28.6b (up 22% from 3Q 2023). Net income: CN¥5.08b (up CN¥4.92b from 3Q 2023). Profit margin: 18% (up from 0.7% in 3Q 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
Wens Foodstuff Group Co., Ltd. Announces the Profit Distribution Proposal for the Third Quarter of 2024 Wens Foodstuff Group Co., Ltd. announced on 23 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 1.50000000. Announcement • Sep 30
Wens Foodstuff Group Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Wens Foodstuff Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Announcement • Sep 19
Wens Foodstuff Group Co., Ltd. (SZSE:300498) announces an Equity Buyback for CNY 1,800 million worth of its shares. Wens Foodstuff Group Co., Ltd. (SZSE:300498) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,800 million worth of its shares. The plan will be valid for 12 months. Price Target Changed • Sep 18
Price target decreased by 8.1% to CN¥21.02 Down from CN¥22.88, the current price target is an average from 7 analysts. New target price is 38% above last closing price of CN¥15.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥1.29 next year compared to a net loss per share of CN¥0.97 last year. Reported Earnings • Aug 29
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.30 loss in 2Q 2023). Revenue: CN¥24.9b (up 17% from 2Q 2023). Net income: CN¥2.56b (up CN¥4.50b from 2Q 2023). Profit margin: 10% (up from net loss in 2Q 2023). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China. 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Wens Foodstuff Group Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Wens Foodstuff Group Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 15
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (129% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.42 loss in 1Q 2023) First quarter 2024 results: CN¥0.19 loss per share (improved from CN¥0.42 loss in 1Q 2023). Revenue: CN¥21.8b (up 9.4% from 1Q 2023). Net loss: CN¥1.24b (loss narrowed 55% from 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 21, 2024 Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 21, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Yunfu, Guangdong China Announcement • Mar 30
Wens Foodstuff Group Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Wens Foodstuff Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CN¥0.446 to -CN¥0.541 per share. Revenue forecast unchanged at CN¥91.4b. Food industry in China expected to see average net income growth of 39% next year. Consensus price target of CN¥21.91 unchanged from last update. Share price was steady at CN¥19.07 over the past week. Announcement • Dec 29
Wens Foodstuff Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Wens Foodstuff Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Major Estimate Revision • Dec 13
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -CN¥0.393 to -CN¥0.446 per share. Revenue forecast unchanged at CN¥91.9b. Food industry in China expected to see average net income growth of 37% next year. Consensus price target broadly unchanged at CN¥21.21. Share price fell 3.3% to CN¥19.36 over the past week. Price Target Changed • Nov 05
Price target decreased by 7.3% to CN¥21.31 Down from CN¥23.00, the current price target is an average from 9 analysts. New target price is 15% above last closing price of CN¥18.57. Stock is down 1.4% over the past year. The company is forecast to post a net loss per share of CN¥0.38 compared to earnings per share of CN¥0.82 last year. New Risk • Oct 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 10x earnings per share. Cash payout ratio: 149% Minor Risk Large one-off items impacting financial results. Major Estimate Revision • Oct 27
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥93.2b to CN¥92.2b. Now expected to report a loss of CN¥0.16 per share instead of CN¥0.62 per share profit previously forecast. Food industry in China expected to see average net income growth of 39% next year. Consensus price target broadly unchanged at CN¥22.74. Share price rose 8.5% to CN¥18.56 over the past week. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥97.8b to CN¥93.9b. EPS estimate also fell from CN¥1.10 per share to CN¥0.62 per share. Net income forecast to grow 77% next year vs 40% growth forecast for Food industry in China. Consensus price target down from CN¥24.54 to CN¥23.10. Share price was steady at CN¥16.69 over the past week. Announcement • Jun 08
Wens Foodstuff Group Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 12 June 2023 Wens Foodstuff Group Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2022, payable on 12 June 2023. Record date is 09 June 2023. Ex-date is 12 June 2023. Announcement • May 27
Guangdong Yuncheng Investment Holding Co., Ltd. agreed to acquire remaining 35% stake in Guangdong Wens Dairy Co., Ltd. from Wens Foodstuff Group Co., Ltd. (SZSE:300498) for approximately CNY 440 million. Guangdong Yuncheng Investment Holding Co., Ltd. agreed to acquire remaining 35% stake in Guangdong Wens Dairy Co., Ltd. from Wens Foodstuff Group Co., Ltd. (SZSE:300498) for approximately CNY 440 million on May 25, 2023. After the transfer, the Wens holdings will decrease from 64.57% to 29.57%. Guangdong Yuncheng Investment Holding Co., Ltd. holdings will increase from 7.45% to 42.45%. For the period March 31, 2023, Wens Foodstuff had CNY 1563.3179 million of total assets and CNY 1113.8485 million of net assets. Announcement • May 19
Wens Foodstuff Group Co., Ltd. Approves Cash Dividend for 2022 Wens Foodstuff Group Co., Ltd. at its AGM held on May 17, 2023 approved Cash dividend per 10 shares (tax included) of CNY 2.00000000 for 2022. Reported Earnings • Apr 28
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥0.82 (up from CN¥2.11 loss in FY 2021). Revenue: CN¥83.7b (up 29% from FY 2021). Net income: CN¥5.29b (up CN¥18.7b from FY 2021). Profit margin: 6.3% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Food industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Dec 05
Wens Foodstuff Group Co., Ltd. (SZSE:300498) announces an Equity Buyback for CNY 1,800 million worth of its shares. Wens Foodstuff Group Co., Ltd. (SZSE:300498) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,800 million worth of its shares. The shares will be repurchased at a price not more than CNY 27.32 per share. The shares repurchased will be used for ESOP or equity incentives. The plan will be valid for 12 months. Announcement • Nov 23
Wens Foodstuff Group Co., Ltd. Announces Third Quarter Profit Distribution, Payable on November 28, 2022 Wens Foodstuff Group Co., Ltd. announced third quarter profit distribution Cash dividend/10 shares (tax included): CNY 1.00000000 to be implemented (A shares). Record date is November 25, 2022. Ex-date is November 28, 2022. The dividend will be payable on November 28, 2022. Announcement • Nov 17
Wens Foodstuff Group Co., Ltd. Announces Cash Dividend Wens Foodstuff Group Co., Ltd. held its 2nd Extraordinary General Meeting of 2022 on 15 November 2022 announced Cash dividend/10 shares (tax included): CNY 1.00000000. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Zhi Xiong Liang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.65 (vs CN¥1.13 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.65 (up from CN¥1.13 loss in 3Q 2021). Revenue: CN¥24.3b (up 53% from 3Q 2021). Net income: CN¥4.21b (up CN¥11.4b from 3Q 2021). Profit margin: 17% (up from net loss in 3Q 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Food industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Oct 27
Wens Foodstuff Group Co., Ltd. Announces Profit Distribution Proposal for the Third Quarter of 2022 Wens Foodstuff Group Co., Ltd. announced on 26 October 2022 the profit distribution proposal for the third quarter of 2022 as follows: Cash dividend (tax included) of CNY 1.00000000 per ten shares. Price Target Changed • Aug 22
Price target increased to CN¥29.48 Up from CN¥27.39, the current price target is an average from 11 analysts. New target price is 19% above last closing price of CN¥24.81. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.093 next year compared to a net loss per share of CN¥2.11 last year. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.48 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.039 (up from CN¥0.48 loss in 2Q 2021). Revenue: CN¥17.0b (up 23% from 2Q 2021). Net income: CN¥246.5m (up CN¥3.29b from 2Q 2021). Profit margin: 1.5% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 36%, compared to a 23% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥74.7b to CN¥73.2b. 2022 losses expected to reduce from -CN¥0.76 to -CN¥0.66 per share. Food industry in China expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at CN¥27.44. Share price fell 2.0% to CN¥18.28 over the past week. Board Change • Apr 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Zhi Xiong Liang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 12, 2022 Wens Foodstuff Group Co., Ltd., Annual General Meeting, May 12, 2022, at 15:00 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 annual report and its summary; to consider 2021 annual accounts; to consider 2021 internal control self-evaluation report; to consider Special report on the deposit and use of raised funds in 2021; and to consider other matters. Reported Earnings • Apr 17
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: CN¥2.11 loss per share (down from CN¥1.18 profit in FY 2020). Revenue: CN¥65.0b (down 13% from FY 2020). Net loss: CN¥13.4b (down 281% from profit in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 19%, compared to a 17% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 12
Price target increased to CN¥26.80 Up from CN¥22.21, the current price target is an average from 9 analysts. New target price is 20% above last closing price of CN¥22.32. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.089 next year compared to a net loss per share of CN¥2.10 last year. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: CN¥2.10 loss per share (down from CN¥1.18 profit in FY 2020). Revenue: CN¥65.0b (down 13% from FY 2020). Net loss: CN¥13.3b (down 280% from profit in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.13 to CN¥0.10 per share. Revenue forecast steady at CN¥79.9b. Net income forecast to grow 73% next year vs 37% growth forecast for Food industry in China. Consensus price target up from CN¥22.21 to CN¥23.59. Share price was steady at CN¥20.19 over the past week. Price Target Changed • Jan 25
Price target increased to CN¥21.60 Up from CN¥19.91, the current price target is an average from 9 analysts. New target price is 15% above last closing price of CN¥18.81. Stock is up 2.5% over the past year. The company is forecast to post a net loss per share of CN¥1.77 compared to earnings per share of CN¥1.18 last year. Price Target Changed • Nov 09
Price target increased to CN¥19.91 Up from CN¥17.16, the current price target is an average from 9 analysts. New target price is 19% above last closing price of CN¥16.77. Stock is down 11% over the past year. The company is forecast to post a net loss per share of CN¥1.66 compared to earnings per share of CN¥1.18 last year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥1.13 loss per share (vs CN¥0.65 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥15.9b (down 18% from 3Q 2020). Net loss: CN¥7.20b (down 276% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2021 earnings released: CN¥0.48 loss per share (vs CN¥0.36 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥13.8b (down 25% from 2Q 2020). Net loss: CN¥3.04b (down 235% from profit in 2Q 2020). 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 8% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 09
Price target decreased to CN¥18.56 Down from CN¥21.07, the current price target is an average from 8 analysts. New target price is 26% above last closing price of CN¥14.77. Stock is down 35% over the past year. Major Estimate Revision • Jun 09
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥1.62 to CN¥1.40 per share. Revenue forecast steady at CN¥84.7b. Net income forecast to grow 58% next year vs 26% growth forecast for Food industry in China. Consensus price target down from CN¥21.07 to CN¥18.56. Share price rose 4.7% to CN¥14.77 over the past week. Announcement • May 15
Wens Foodstuff Group Co., Ltd. Approves Dividend of the Year 2020 Wens Foodstuff Group Co., Ltd. at its AGM held on May 13, 2021, approved the cash dividend of CNY 2.00000000 per 10 shares (tax included) for the year 2020. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.30 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥16.8b (down 3.6% from 1Q 2020). Net income: CN¥543.5m (down 71% from 1Q 2020). Profit margin: 3.2% (down from 11% in 1Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Wens Foodstuff Group Co., Ltd. to Report Fiscal Year 2020 Results on Apr 22, 2021 Wens Foodstuff Group Co., Ltd. announced that they will report fiscal year 2020 results on Apr 22, 2021 Price Target Changed • Mar 04
Price target lowered to CN¥23.57 Down from CN¥25.53, the current price target is an average from 8 analysts. The new target price is 28% above the current share price of CN¥18.36. As of last close, the stock is down 42% over the past year. Major Estimate Revision • Jan 26
Analysts increase EPS estimates to CN¥2.40 The 2020 consensus revenue estimate increased from CN¥71.4b to CN¥75.2b. The earnings per share estimate also received an upgrade from CN¥1.68 to CN¥2.40 for the same period. Net income is expected to shrink by 12% next year compared to 30% growth forecast for the Food industry in China . The consensus price target increased from CN¥25.00 to CN¥25.20. Share price stayed mostly flat at CN¥18.36 over the past week. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥18.08 The company is down 6.0% from its price of CN¥19.20 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.89 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥18.40 The company is down 11% from its price of CN¥20.76 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.18 per share. Major Estimate Revision • Nov 11
Analysts lower revenue estimates to CN¥71.4b The 2020 consensus revenue estimate decreased from CN¥81.3b. Earning per share (EPS) estimate was also lowered from CN¥3.03 to CN¥1.68 for the same period. Net income is expected to shrink by 7.9% next year compared to 30% growth forecast for the Food industry in China . The consensus price target was lowered from CN¥27.13 to CN¥25.00. Share price stayed mostly flat at CN¥18.91 over the past week. Price Target Changed • Nov 10
Price target lowered to CN¥25.00 Down from CN¥27.53, the current price target is an average from 10 analysts. The new target price is 30% above the current share price of CN¥19.25. As of last close, the stock is down 40% over the past year. Major Estimate Revision • Nov 06
Analysts increase EPS estimates to CN¥3.03 The 2020 consensus revenue estimate increased from CN¥79.5b to CN¥81.5b. The earnings per share estimate also received an upgrade from CN¥2.41 to CN¥3.03 for the same period. Net income is expected to grow by 3.7% next year compared to 31% growth forecast for the Food industry in China. The consensus price target was reaffirmed at CN¥27.53. Share price is down by 1.9% to CN¥18.59 over the past week. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Earnings beat expectations, revenue disappoints Third-quarter revenue missed analyst estimates by 16% at CN¥19.5b. Earnings per share (EPS) exceeded analyst estimates by 53% at CN¥0.64. Revenue is forecast to grow 13% over the next year, compared to a 23% growth forecast for the Food industry in China. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥16.1b, up 123% from the prior year. Total revenue was CN¥80.3b over the last 12 months, up 24% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥19.14 The company is down 18% from its price of CN¥23.43 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥63.47 per share. Announcement • Jul 24
Wens Foodstuff Group Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Wens Foodstuff Group Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020