Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.40 (vs CN¥0.34 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.40 (up from CN¥0.34 in 1Q 2025). Revenue: CN¥979.0m (up 5.7% from 1Q 2025). Net income: CN¥105.1m (up 17% from 1Q 2025). Profit margin: 11% (up from 9.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 24
Shanghai Shuixing Home Textile Co., Ltd., Annual General Meeting, May 15, 2026 Shanghai Shuixing Home Textile Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 30
Shanghai Shuixing Home Textile Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 26
Shanghai Shuixing Home Textile Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Buy Or Sell Opportunity • Nov 03
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to CN¥22.95. The fair value is estimated to be CN¥18.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 6.8%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥21.68, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Luxury industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.56 per share. Announcement • Sep 30
Shanghai Shuixing Home Textile Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jun 30
Shanghai Shuixing Home Textile Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 23
Dividend of CN¥0.90 announced Dividend of CN¥0.90 is the same as last year. Ex-date: 25th June 2025 Payment date: 25th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 29
Shanghai Shuixing Home Textile Co., Ltd., Annual General Meeting, May 21, 2025 Shanghai Shuixing Home Textile Co., Ltd., Annual General Meeting, May 21, 2025, at 14:00 China Standard Time. Announcement • Mar 28
Shanghai Shuixing Home Textile Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Shanghai Shuixing Home Textile Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.32 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥877.2m (down 8.4% from 3Q 2023). Net income: CN¥63.6m (down 23% from 3Q 2023). Profit margin: 7.3% (down from 8.6% in 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • Sep 30
Shanghai Shuixing Home Textile Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.21, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Luxury industry in China. Total loss to shareholders of 4.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.91 per share. Announcement • Sep 19
Shanghai Shuixing Home Textile Co., Ltd. (SHSE:603365) announces an Equity Buyback for 4,107,300 shares, representing 1.56% for CNY 75 million. Shanghai Shuixing Home Textile Co., Ltd. (SHSE:603365) announces a share repurchase program. Under the program, the company will repurchase up to 4,107,300 shares, representing 1.56% of it's share capital for CNY 75 million worth of its shares. The shares will be purchased at a price not exceeding CNY 18.26 per share. The purpose of the program is to Reduce registered capital and to maintain company value and shareholder rights. The repurchased shares will be used for employee stock ownership plan or equity incentive and to convert company convertible bonds, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 3 months. The company has 262,733,500 shares issued and outstanding. New Risk • Sep 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Large one-off items impacting financial results. Buy Or Sell Opportunity • Sep 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 42% to CN¥11.13. The fair value is estimated to be CN¥13.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.32 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.32 in 2Q 2023). Revenue: CN¥890.9m (down 8.9% from 2Q 2023). Net income: CN¥52.8m (down 39% from 2Q 2023). Profit margin: 5.9% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CN¥12.99. The fair value is estimated to be CN¥16.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Announcement • Jun 28
Shanghai Shuixing Home Textile Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • May 31
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to CN¥19.30. The fair value is estimated to be CN¥16.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Announcement • May 01
Shanghai Shuixing Home Textile Co., Ltd., Annual General Meeting, May 20, 2024 Shanghai Shuixing Home Textile Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Reported Earnings • Apr 30
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: CN¥1.44 (up from CN¥1.05 in FY 2022). Revenue: CN¥4.21b (up 15% from FY 2022). Net income: CN¥379.1m (up 36% from FY 2022). Profit margin: 9.0% (up from 7.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 30
Shanghai Shuixing Home Textile Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Shanghai Shuixing Home Textile Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Nov 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.29 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.29 in 3Q 2022). Revenue: CN¥957.5m (up 12% from 3Q 2022). Net income: CN¥82.4m (up 9.0% from 3Q 2022). Profit margin: 8.6% (down from 8.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.082 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.082 in 2Q 2022). Revenue: CN¥978.3m (up 17% from 2Q 2022). Net income: CN¥86.0m (up 287% from 2Q 2022). Profit margin: 8.8% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Shanghai Shuixing Home Textile Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Upcoming Dividend • Jun 19
Upcoming dividend of CN¥0.70 per share at 5.0% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of Chinese dividend payers (2.0%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥1.05 (vs CN¥1.46 in FY 2021) Full year 2022 results: EPS: CN¥1.05 (down from CN¥1.46 in FY 2021). Revenue: CN¥3.66b (down 3.6% from FY 2021). Net income: CN¥278.3m (down 28% from FY 2021). Profit margin: 7.6% (down from 10% in FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Announcement • Nov 05
Shanghai Shuixing Home Textile Co., Ltd. (SHSE:603365) commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on November 1, 2022. Shanghai Shuixing Home Textile Co., Ltd. (SHSE:603365) commences share repurchases on November 4, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting of Shareholders held on November 1, 2022. As per the mandate, the company is authorized to repurchase class A shares for not more than CNY 60 million. The shares will be purchased at a price not exceeding CNY 19.38 per share. The repurchase will be funded from company's own funds. The repurchased shares will be cancelled in accordance with the law and the registered capital of the company will be reduced The repurchase program is valid for a period of 12 months from shareholders' approval. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.32 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.29 (down from CN¥0.32 in 3Q 2021). Revenue: CN¥855.4m (up 2.2% from 3Q 2021). Net income: CN¥75.6m (down 12% from 3Q 2021). Profit margin: 8.8% (down from 10% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.082 (vs CN¥0.32 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.082 (down from CN¥0.32 in 2Q 2021). Revenue: CN¥836.0m (down 7.2% from 2Q 2021). Net income: CN¥22.2m (down 74% from 2Q 2021). Profit margin: 2.7% (down from 9.5% in 2Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 23% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥16.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.5%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.30 in 1Q 2021). Revenue: CN¥806.3m (up 12% from 1Q 2021). Net income: CN¥84.7m (up 7.4% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 2.4%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.30 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥836.9m (up 12% from 3Q 2020). Net income: CN¥85.8m (up 10% from 3Q 2020). Profit margin: 10% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥901.4m (up 32% from 2Q 2020). Net income: CN¥85.4m (up 58% from 2Q 2020). Profit margin: 9.5% (up from 7.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥717.9m (up 49% from 1Q 2020). Net income: CN¥78.9m (up 91% from 1Q 2020). Profit margin: 11% (up from 8.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 15
New 90-day high: CN¥14.48 The company is up 5.0% from a price of CN¥13.75 on 15 December 2020. Outperformed the Chinese market which is flat over the last 90 days. Exceeded the Luxury industry, which is down 4.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.18 per share. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥12.60 The company is down 9.0% from its price of CN¥13.88 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.22 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥12.66 The company is down 13% from its price of CN¥14.55 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.10 per share. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥13.18 The company is down 6.0% from its price of CN¥14.03 on 25 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 Luxury industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.10 per share. Is New 90 Day High Low • Nov 04
New 90-day low: CN¥13.38 The company is down 18% from its price of CN¥16.34 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.01 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥274.1m, down 14% from the prior year. Total revenue was CN¥2.90b over the last 12 months, down 1.2% from the prior year. Announcement • Oct 27
Shanghai Shuixing Home Textile Co., Ltd. to Report Q3, 2020 Results on Oct 29, 2020 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report Q3, 2020 results on Oct 29, 2020 Is New 90 Day High Low • Sep 27
New 90-day low: CN¥14.03 The company is down 1.0% from its price of CN¥14.16 on 29 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.94 per share. Announcement • Jul 10
Shanghai Shuixing Home Textile Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Shanghai Shuixing Home Textile Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 
