Announcement • Jun 05
Liuzhou Liangmianzhen Co., Ltd., Annual General Meeting, Jun 26, 2026 Liuzhou Liangmianzhen Co., Ltd., Annual General Meeting, Jun 26, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Liuzhou, Guangxi China Reported Earnings • May 01
First quarter 2026 earnings released: CN¥0.07 loss per share (vs CN¥0.026 loss in 1Q 2025) First quarter 2026 results: CN¥0.07 loss per share (further deteriorated from CN¥0.026 loss in 1Q 2025). Revenue: CN¥218.7m (down 8.9% from 1Q 2025). Net loss: CN¥38.3m (loss widened 170% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Liuzhou Liangmianzhen Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Liuzhou Liangmianzhen Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 129% Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (129% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥0.018 (vs CN¥0.15 in FY 2024) Full year 2025 results: EPS: CN¥0.018 (down from CN¥0.15 in FY 2024). Revenue: CN¥1.06b (flat on FY 2024). Net income: CN¥9.85m (down 88% from FY 2024). Profit margin: 0.9% (down from 7.7% in FY 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Dec 26
Liuzhou Liangmianzhen Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Liuzhou Liangmianzhen Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Oct 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 6.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.16 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.052 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥293.1m (up 6.8% from 3Q 2024). Net income: CN¥28.6m (down 67% from 3Q 2024). Profit margin: 9.7% (down from 32% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Liuzhou Liangmianzhen Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Liuzhou Liangmianzhen Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.69, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 45x in the Personal Products industry in China. Total returns to shareholders of 32% over the past three years. Declared Dividend • Aug 17
Dividend of CN¥0.03 announced Dividend of CN¥0.03 is the same as last year. Ex-date: 18th August 2025 Payment date: 18th August 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (240% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Liuzhou Liangmianzhen Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Liuzhou Liangmianzhen Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Jun 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (240% cash payout ratio). Large one-off items impacting financial results. Announcement • Jun 03
Liuzhou Liangmianzhen Co., Ltd., Annual General Meeting, Jun 26, 2025 Liuzhou Liangmianzhen Co., Ltd., Annual General Meeting, Jun 26, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Liuzhou, Guangxi China New Risk • May 06
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 8.7% 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: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥6.08, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 37x in the Personal Products industry in China. Total returns to shareholders of 7.9% over the past three years. Announcement • Mar 28
Liuzhou Liangmianzhen Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Liuzhou Liangmianzhen Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.042 in FY 2023) Full year 2024 results: EPS: CN¥0.15 (up from CN¥0.042 in FY 2023). Revenue: CN¥1.05b (up 5.8% from FY 2023). Net income: CN¥81.1m (up 256% from FY 2023). Profit margin: 7.7% (up from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Dec 27
Liuzhou Liangmianzhen Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Liuzhou Liangmianzhen Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥5.87, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 34x in the Personal Products industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.07 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.07 in 3Q 2023). Revenue: CN¥274.4m (up 7.0% from 3Q 2023). Net income: CN¥87.5m (up 131% from 3Q 2023). Profit margin: 32% (up from 15% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Liuzhou Liangmianzhen Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Liuzhou Liangmianzhen Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.006 loss in 2Q 2023) Second quarter 2024 results: CN¥0.004 loss per share (improved from CN¥0.006 loss in 2Q 2023). Revenue: CN¥309.2m (up 34% from 2Q 2023). Net loss: CN¥2.19m (loss narrowed 39% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Liuzhou Liangmianzhen Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Liuzhou Liangmianzhen Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jun 08
Liuzhou Liangmianzhen Co., Ltd., Annual General Meeting, Jun 27, 2024 Liuzhou Liangmianzhen Co., Ltd., Annual General Meeting, Jun 27, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Liuzhou, Guangxi China Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.002 loss per share (vs CN¥0.008 profit in 1Q 2023) First quarter 2024 results: CN¥0.002 loss per share (down from CN¥0.008 profit in 1Q 2023). Revenue: CN¥207.8m (up 11% from 1Q 2023). Net loss: CN¥1.27m (down 128% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Apr 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 140% Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (140% cash payout ratio). Large one-off items impacting financial results. Announcement • Mar 29
Liuzhou Liangmianzhen Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Liuzhou Liangmianzhen Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.042 (vs CN¥0.07 loss in FY 2022) Full year 2023 results: EPS: CN¥0.042 (up from CN¥0.07 loss in FY 2022). Revenue: CN¥995.1m (up 49% from FY 2022). Net income: CN¥22.8m (up CN¥61.4m from FY 2022). Profit margin: 2.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥4.72, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 23x in the Personal Products industry in China. Total returns to shareholders of 5.6% over the past three years. Announcement • Dec 29
Liuzhou Liangmianzhen Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Liuzhou Liangmianzhen Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.86, the stock trades at a trailing P/E ratio of 73.6x. Average trailing P/E is 27x in the Personal Products industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.026 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.026 loss in 3Q 2022). Revenue: CN¥256.3m (up 39% from 3Q 2022). Net income: CN¥37.8m (up CN¥51.9m from 3Q 2022). Profit margin: 15% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Sep 30
Liuzhou Liangmianzhen Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Liuzhou Liangmianzhen Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.008 (vs CN¥0.027 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.008 (up from CN¥0.027 loss in 1Q 2022). Revenue: CN¥188.0m (up 29% from 1Q 2022). Net income: CN¥4.59m (up CN¥19.3m from 1Q 2022). Profit margin: 2.4% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent director Chong Yi Zhang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.026 loss per share (vs CN¥0.024 profit in 3Q 2021) Third quarter 2022 results: CN¥0.026 loss per share (down from CN¥0.024 profit in 3Q 2021). Revenue: CN¥185.0m (up 51% from 3Q 2021). Net loss: CN¥14.1m (down 204% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0 (vs CN¥0.016 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0 (down from CN¥0.016 in 2Q 2021). Revenue: CN¥139.0m (down 30% from 2Q 2021). Net income: CN¥79.4k (down 99% from 2Q 2021). Profit margin: 0.1% (down from 4.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: CN¥0.054 loss per share (vs CN¥0.035 loss in 1Q 2021) First quarter 2022 results: CN¥0.054 loss per share (down from CN¥0.035 loss in 1Q 2021). Revenue: CN¥151.7m (down 11% from 1Q 2021). Net loss: CN¥29.6m (loss widened 52% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent director Chong Yi Zhang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.016 (vs CN¥0.11 in FY 2020) Full year 2021 results: EPS: CN¥0.016 (down from CN¥0.11 in FY 2020). Revenue: CN¥717.5m (up 4.7% from FY 2020). Net income: CN¥8.66m (down 85% from FY 2020). Profit margin: 1.2% (down from 8.5% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.024 (vs CN¥0.11 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥122.3m (down 38% from 3Q 2020). Net income: CN¥13.5m (down 78% from 3Q 2020). Profit margin: 11% (down from 31% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.024 (vs CN¥0.11 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥122.3m (down 38% from 3Q 2020). Net income: CN¥13.5m (down 78% from 3Q 2020). Profit margin: 11% (down from 31% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.016 (vs CN¥0.036 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥197.2m (up 27% from 2Q 2020). Net income: CN¥8.78m (down 56% from 2Q 2020). Profit margin: 4.5% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥4.78, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 45x in the Personal Products industry in China. Total loss to shareholders of 11% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: CN¥0.035 loss per share (vs CN¥0.032 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: CN¥170.7m (up 25% from 1Q 2020). Net loss: CN¥19.4m (loss widened 10% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.11 (vs CN¥0.12 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¥685.4m (down 19% from FY 2019). Net income: CN¥58.0m (down 14% from FY 2019). Profit margin: 8.5% (up from 8.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 07
New 90-day high: CN¥4.95 The company is up 2.0% from its price of CN¥4.84 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Personal Products industry, which is down 4.0% 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¥122.2m, up 339% from the prior year. Total revenue was CN¥450.9m over the last 12 months, down 63% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥4.26 The company is down 10.0% from its price of CN¥4.73 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥4.32 The company is down 4.0% from its price of CN¥4.52 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Personal Products industry, which is down 6.0% over the same period. Announcement • Jul 09
Liuzhou Liangmianzhen Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Liuzhou Liangmianzhen Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020