Announcement • 7h
Zhefu Holding Group Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Zhefu Holding Group Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • Jun 08
Dividend increased to CN¥0.06 Dividend of CN¥0.06 is 20% higher than last year. Ex-date: 11th June 2026 Payment date: 11th June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 15
Now 20% undervalued Over the last 90 days, the stock has risen 8.6% to CN¥5.30. The fair value is estimated to be CN¥6.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 5.5%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 6.8% in the next 2 years. Price Target Changed • May 04
Price target increased by 50% to CN¥6.76 Up from CN¥4.50, the current price target is provided by 1 analyst. New target price is 28% above last closing price of CN¥5.28. Stock is up 68% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.22 last year. Board Change • May 01
Insufficient new directors 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. CFO & Director Juan Li was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.05 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (up from CN¥0.05 in 1Q 2025). Revenue: CN¥6.18b (up 25% from 1Q 2025). Net income: CN¥602.3m (up 122% from 1Q 2025). Profit margin: 9.7% (up from 5.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in China are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Apr 29
Zhefu Holding Group Co., Ltd., Annual General Meeting, May 22, 2026 Zhefu Holding Group Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 3F, No. 21, Lvting Road, Yuhang District, Hangzhou, Zhejiang China Announcement • Mar 31
Zhefu Holding Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Zhefu Holding Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥5.06, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Commercial Services industry in China. Total returns to shareholders of 29% over the past three years. Announcement • Dec 31
Zhefu Holding Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Zhefu Holding Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.22 to CN¥0.19. Revenue forecast unchanged from CN¥21.9b at last update. Net income forecast to grow 13% next year vs 36% growth forecast for Commercial Services industry in China. Consensus price target up from CN¥4.50 to CN¥4.79. Share price fell 4.1% to CN¥4.40 over the past week. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.77, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Commercial Services industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.031 (vs CN¥0.061 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.031 (down from CN¥0.061 in 3Q 2024). Revenue: CN¥5.51b (up 11% from 3Q 2024). Net income: CN¥172.6m (down 41% from 3Q 2024). Profit margin: 3.1% (down from 5.9% in 3Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.75, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 23% over the past three years. Announcement • Sep 30
Zhefu Holding Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Zhefu Holding Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.13, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Commercial Services industry in China. Negligible returns to shareholders over past three years. New Risk • Sep 04
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 6.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.061 (vs CN¥0.031 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.061 (up from CN¥0.031 in 2Q 2024). Revenue: CN¥5.70b (down 2.6% from 2Q 2024). Net income: CN¥295.4m (up 70% from 2Q 2024). Profit margin: 5.2% (up from 3.0% in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥4.06, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Commercial Services industry in China. Total loss to shareholders of 10% over the past three years. Announcement • Jul 02
Zhefu Holding Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Zhefu Holding Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 13
Dividend of CN¥0.05 announced Dividend of CN¥0.05 is the same as last year. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.06 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.05 (down from CN¥0.06 in 1Q 2024). Revenue: CN¥4.94b (up 11% from 1Q 2024). Net income: CN¥270.8m (down 13% from 1Q 2024). Profit margin: 5.5% (down from 7.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
Zhefu Holding Group Co., Ltd., Annual General Meeting, May 19, 2025 Zhefu Holding Group Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Zhefu Holding Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Zhefu Holding Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Zhefu Holding Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Zhefu Holding Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.061 (vs CN¥0.049 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.061 (up from CN¥0.049 in 3Q 2023). Revenue: CN¥4.95b (flat on 3Q 2023). Net income: CN¥291.0m (up 22% from 3Q 2023). Profit margin: 5.9% (up from 4.9% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Zhefu Holding Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Zhefu Holding Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥3.35, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Commercial Services industry in China. Total loss to shareholders of 53% over the past three years. Major Estimate Revision • Sep 11
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.29 to CN¥0.20 per share. Revenue forecast steady at CN¥21.9b. Net income forecast to grow 50% next year vs 44% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥3.86 to CN¥3.17. Share price was steady at CN¥2.76 over the past week. New Risk • Sep 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 70% 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. Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.049 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.031 (down from CN¥0.049 in 2Q 2023). Revenue: CN¥5.86b (up 24% from 2Q 2023). Net income: CN¥173.9m (down 32% from 2Q 2023). Profit margin: 3.0% (down from 5.4% in 2Q 2023). 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 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Zhefu Holding Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Zhefu Holding Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 13
Zhefu Holding Group Co., Ltd. Announces Final Dividend for 2023 on A Shares, Payable on 18 June 2024 Zhefu Holding Group Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 0.50000000. Record date is 17 June 2024. Ex-date is 18 June 2024. Payment date is 18 June 2024. Board Change • Jun 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Director Juan Li was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
Zhefu Holding Group Co., Ltd., Annual General Meeting, May 20, 2024 Zhefu Holding Group Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.06 (down from CN¥0.09 in 1Q 2023). Revenue: CN¥4.45b (down 4.0% from 1Q 2023). Net income: CN¥310.8m (down 37% from 1Q 2023). Profit margin: 7.0% (down from 11% in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Zhefu Holding Group Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Zhefu Holding Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥3.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Commercial Services industry in China. Total loss to shareholders of 24% over the past three years. Announcement • Feb 05
Zhefu Holding Group Co., Ltd. (SZSE:002266) announces an Equity Buyback for CNY 200 million worth of its shares. Zhefu Holding Group Co., Ltd. (SZSE:002266) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 4.95 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program is valid for a period of 12 months. Announcement • Dec 30
Zhefu Holding Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Zhefu Holding Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.082 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.049 (down from CN¥0.082 in 3Q 2022). Revenue: CN¥4.91b (up 22% from 3Q 2022). Net income: CN¥238.5m (down 38% from 3Q 2022). Profit margin: 4.9% (down from 9.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. Price Target Changed • Aug 29
Price target decreased by 9.5% to CN¥4.98 Down from CN¥5.50, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥4.13. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.27 last year. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.043 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.049 (up from CN¥0.043 in 2Q 2022). Revenue: CN¥4.71b (up 18% from 2Q 2022). Net income: CN¥253.9m (flat on 2Q 2022). Profit margin: 5.4% (down from 6.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. 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 9% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Zhefu Holding Group Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Zhefu Holding Group Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 25
Zhefu Holding Group Co., Ltd. Announces Final Dividend for 2022 Zhefu Holding Group Co., Ltd. held its Annual General Meeting of 2022 on 22 May 2023, approved Cash dividend/10 shares (tax included): CNY 0.60000000 for 2022. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.08 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.08 in 1Q 2022). Revenue: CN¥4.64b (up 22% from 1Q 2022). Net income: CN¥494.2m (up 22% from 1Q 2022). Profit margin: 11% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Shengdong He was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.082 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.082 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥4.03b (up 9.5% from 3Q 2021). Net income: CN¥386.5m (down 32% from 3Q 2021). Profit margin: 9.6% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Electrical industry in China. 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.043 (down from CN¥0.13 in 2Q 2021). Revenue: CN¥4.00b (up 3.3% from 2Q 2021). Net income: CN¥252.1m (down 66% from 2Q 2021). Profit margin: 6.3% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.6%, compared to a 55% growth forecast for the Electrical 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 • May 07
Zhefu Holding Group Co., Ltd., Annual General Meeting, May 23, 2022 Zhefu Holding Group Co., Ltd., Annual General Meeting, May 23, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider Application for credit line to banks by the Company and its subsidiaries and guarantee matters; to consider Reappointment of audit firm; to consider Change of the Company's domicile and amendments to the Company's articles of association; to consider Amendments to the rules of procedure governing the general meeting of shareholders; and to consider other matters. Announcement • May 06
Zhefu Holding Group Co., Ltd. Announces Final Cash Dividend Proposal for 2021 Zhefu Holding Group Co., Ltd. announced on 05 May 2022 the final cash dividend proposal for 2021. Cash dividend/10 shares (tax included): CNY 0.80000000. Price Target Changed • May 04
Price target decreased to CN¥6.25 Down from CN¥8.98, the current price target is provided by 1 analyst. New target price is 40% above last closing price of CN¥4.48. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.46 for next year compared to CN¥0.43 last year. Reported Earnings • May 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.08 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥3.80b (up 27% from 1Q 2021). Net income: CN¥404.4m (down 28% from 1Q 2021). Profit margin: 11% (down from 19% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 2.3%. Over the next year, revenue is expected to shrink by 11% compared to a 54% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Jifa Huang was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥5.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 23x in the Electrical industry in China. Total loss to shareholders of 1.3% over the past three years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.32, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.23, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 101% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.068 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.88b (up 28% from 2Q 2020). Net income: CN¥739.3m (up 130% from 2Q 2020). Profit margin: 19% (up from 11% 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 74% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.42, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 31x in the Electrical industry in China. Total returns to shareholders of 77% over the past three years. Announcement • May 22
Zhefu Holding Group Co., Ltd. Approves Final Dividend for the Year 2020 Zhefu Holding Group Co., Ltd. announced at the AGM held on 20, 2021 that the company approved final cash dividend of CNY 0.40000000 per 10 shares (tax included) for the year 2020. Announcement • Apr 30
Zhefu Holding Group Co., Ltd. Proposes Final Dividend for the Year 2020 Zhefu Holding Group Co., Ltd. proposed final cash dividend of CNY 0.40000000 per 10 shares (tax included) for the year 2020. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.026 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥3.00b (up CN¥2.88b from 1Q 2020). Net income: CN¥565.2m (up CN¥513.1m from 1Q 2020). Profit margin: 19% (down from 45% in 1Q 2020). The decrease in margin was driven by higher expenses. 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 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS CN¥0.31 (vs CN¥0.082 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥8.33b (up CN¥7.25b from FY 2019). Net income: CN¥1.37b (up CN¥1.21b from FY 2019). Profit margin: 16% (up from 15% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 18
New 90-day high: CN¥4.93 The company is up 7.0% from its price of CN¥4.59 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥4.39 The company is down 15% from its price of CN¥5.17 on 10 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 Electrical industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 18
New 90-day low: CN¥4.67 The company is down 12% from its price of CN¥5.28 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 9.0% 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¥688.2m, up 161% from the prior year. Total revenue was CN¥3.43b over the last 12 months, down 3.2% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥4.80 The company is down 5.0% from its price of CN¥5.04 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 Electrical industry, which is up 5.0% over the same period. Announcement • Aug 14
Zhefu Holding Group Co., Ltd. to Report First Half, 2020 Results on Aug 31, 2020 Zhefu Holding Group Co., Ltd. announced that they will report first half, 2020 results on Aug 31, 2020 