Songcheng Performance DevelopmentLtd Future Growth

Future criteria checks 4/6

Songcheng Performance DevelopmentLtd is forecast to grow earnings and revenue by 48.6% and 15.5% per annum respectively. EPS is expected to grow by 48.2% per annum. Return on equity is forecast to be 16.2% in 3 years.

Key information

48.6%

Earnings growth rate

48.2%

EPS growth rate

Hospitality earnings growth	22.8%
Revenue growth rate	15.5%
Future return on equity	16.2%
Analyst coverage	Good
Last updated	03 Jul 2024

Recent future growth updates

Recent updates

Songcheng Performance DevelopmentLtd (SZSE:300144) Is Increasing Its Dividend To CN¥0.10

Jun 20

Returns On Capital At Songcheng Performance DevelopmentLtd (SZSE:300144) Have Stalled

Jun 06

Songcheng Performance Development Co.,Ltd's (SZSE:300144) Intrinsic Value Is Potentially 29% Above Its Share Price

May 21

Songcheng Performance DevelopmentLtd's (SZSE:300144) Earnings Seem To Be Promising

May 02

Should You Think About Buying Songcheng Performance Development Co.,Ltd (SZSE:300144) Now?

Apr 15

The Price Is Right For Songcheng Performance Development Co.,Ltd (SZSE:300144)

Mar 01

Earnings and Revenue Growth Forecasts

SZSE:300144 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,484	1,688	1,757	2,161	12
12/31/2025	3,161	1,505	1,386	1,768	15
12/31/2024	2,710	1,240	1,578	1,787	15
3/31/2024	2,251	81	1,161	1,601	N/A
12/31/2023	1,926	-110	1,022	1,419	N/A
9/30/2023	1,687	664	912	1,284	N/A
6/30/2023	1,087	284	562	860	N/A
3/31/2023	607	51	232	477	N/A
1/1/2023	458	-48	86	332	N/A
9/30/2022	557	-42	51	301	N/A
6/30/2022	562	-92	-76	283	N/A
3/31/2022	964	144	134	685	N/A
1/1/2022	1,185	315	57	750	N/A
9/30/2021	1,300	-1,454	116	973	N/A
6/30/2021	1,354	-1,414	-133	999	N/A
3/31/2021	1,075	-1,670	-613	501	N/A
12/31/2020	903	-1,752	-624	394	N/A
9/30/2020	1,024	203	-760	238	N/A
6/30/2020	1,477	595	-304	452	N/A
3/31/2020	1,921	1,020	123	833	N/A
12/31/2019	2,612	1,340	758	1,571	N/A
9/30/2019	2,946	1,410	1,017	1,713	N/A
6/30/2019	3,117	1,407	1,029	1,795	N/A
3/31/2019	3,324	1,335	1,124	1,897	N/A
12/31/2018	3,211	1,287	982	1,647	N/A
9/30/2018	3,180	1,297	1,028	1,838	N/A
6/30/2018	3,142	1,209	1,305	1,915	N/A
3/31/2018	3,064	1,145	1,240	1,847	N/A
12/31/2017	3,024	1,068	N/A	1,764	N/A
9/30/2017	2,991	1,056	N/A	1,300	N/A
6/30/2017	2,851	994	N/A	1,154	N/A
3/31/2017	2,743	953	N/A	1,128	N/A
12/31/2016	2,644	902	N/A	1,030	N/A
9/30/2016	2,476	855	N/A	1,216	N/A
6/30/2016	2,308	786	N/A	1,094	N/A
3/31/2016	2,053	729	N/A	1,033	N/A
12/31/2015	1,695	631	N/A	915	N/A
9/30/2015	1,405	584	N/A	882	N/A
6/30/2015	1,118	465	N/A	690	N/A
3/31/2015	1,014	407	N/A	610	N/A
12/31/2014	935	361	N/A	528	N/A
9/30/2014	903	377	N/A	511	N/A
6/30/2014	806	347	N/A	450	N/A
3/31/2014	727	311	N/A	421	N/A
12/31/2013	679	308	N/A	429	N/A
9/30/2013	630	287	N/A	493	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300144's forecast earnings growth (48.6% per year) is above the savings rate (2.9%).

Earnings vs Market: 300144's earnings (48.6% per year) are forecast to grow faster than the CN market (22.1% per year).

High Growth Earnings: 300144's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 300144's revenue (15.5% per year) is forecast to grow faster than the CN market (13.6% per year).

High Growth Revenue: 300144's revenue (15.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 300144's Return on Equity is forecast to be low in 3 years time (16.2%).

Songcheng Performance DevelopmentLtd Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target decreased by 8.0% to CN¥13.38

Consensus EPS estimates fall by 17%

Price target increased to CN¥16.40

Consensus revenue estimates fall by 44%

Price target decreased to CN¥15.31

Price target decreased to CN¥17.49

Recent updates

Songcheng Performance Development Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024

Songcheng Performance DevelopmentLtd (SZSE:300144) Is Increasing Its Dividend To CN¥0.10

Dividend increased to CN¥0.10

Returns On Capital At Songcheng Performance DevelopmentLtd (SZSE:300144) Have Stalled

Price target decreased by 8.0% to CN¥13.38

Now 22% undervalued

Songcheng Performance Development Co.,Ltd's (SZSE:300144) Intrinsic Value Is Potentially 29% Above Its Share Price

Songcheng Performance DevelopmentLtd's (SZSE:300144) Earnings Seem To Be Promising

New minor risk - Dividend sustainability

Songcheng Performance Development Co.,Ltd, Annual General Meeting, May 21, 2024

Songcheng Performance Development Co.,Ltd Proposes Final Dividend for 2023

First quarter 2024 earnings released: EPS: CN¥0.096 (vs CN¥0.023 in 1Q 2023)

Should You Think About Buying Songcheng Performance Development Co.,Ltd (SZSE:300144) Now?

Songcheng Performance Development Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024

The Price Is Right For Songcheng Performance Development Co.,Ltd (SZSE:300144)

Investor sentiment improves as stock rises 17%

Consensus EPS estimates fall by 17%

Songcheng Performance Development Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Songcheng Performance Development Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023

Now 20% undervalued after recent price drop

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Songcheng Performance Development Co.,Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 09 June 2023

First quarter 2023 earnings released: EPS: CN¥0.023 (vs CN¥0.015 loss in 1Q 2022)

Insufficient new directors

Huaneng Trust Yuanhe No. 6 Collection Fund Trust Plan, managed by Huaneng Guicheng Trust Corp.,Ltd. cancelled the acquisition of 5.01% stake in Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) from Hangzhou Songcheng Group Holding, Huang Qiaoling and Liu Ping.

Jinyan Songyun Enterprise Management (Hangzhou) Partnership Enterprise (Limited Partnership) cancelled the acquisition of 5.01% stake in Songcheng Performance International Development Co., Limited from Hangzhou Songcheng Group Holding Co., Ltd.

Insufficient new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to CN¥16.40

Songcheng Performance Development Co.,Ltd Announces Appointment of Song Xiayun as Independent Director

Less than half of directors are independent

Songcheng Performance Development Co.,Ltd Announces Final Dividend on A Shares for the Year 2021, Payable on June 2, 2022

Songcheng Performance Development Co.,Ltd Approves the Final Cash Dividend for the Year of 2021

Consensus revenue estimates fall by 44%

Price target decreased to CN¥15.31

Less than half of directors are independent

Songcheng Performance Development Co.,Ltd Proposes Final Cash Dividend for the Year of 2021

Price target decreased to CN¥17.49

Third quarter 2021 earnings released: EPS CN¥0.021 (vs CN¥0.036 in 3Q 2020)

Price target decreased to CN¥20.22

Second quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.004 loss in 2Q 2020)

Songcheng Performance Development Co.,Ltd Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 02 June 2021

Price target increased to CN¥23.39

Price target increased to CN¥22.97

Full year 2020 earnings released: CN¥0.67 loss per share (vs CN¥0.51 profit in FY 2019)

Consensus forecasts updated

Songcheng Performance Development Co.,Ltd to Report Fiscal Year 2020 Results on Apr 23, 2021

New 90-day high: CN¥20.15

Analysts update estimates

New 90-day low: CN¥15.98

Analysts update estimates

New 90-day high: CN¥19.06

Third quarter earnings released

Third-quarter earnings released: Revenue and earnings miss expectations

Analysts update estimates

Price target raised to CN¥21.14

New 90-day low - CN¥15.90

Earnings released

Songcheng Performance Development Co.,Ltd to Report First Half, 2020 Results on Aug 08, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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