Buy Or Sell Opportunity • Jul 31
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to CN¥10.89. The fair value is estimated to be CN¥9.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥10.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Luxury industry in China. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.05 per share. Announcement • Jun 30
Guangdong Chj Industry Co.,Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Guangdong Chj Industry Co.,Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Buy Or Sell Opportunity • Jun 16
Now 22% overvalued Over the last 90 days, the stock has fallen 2.7% to CN¥10.22. The fair value is estimated to be CN¥8.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.99, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.38 per share. Buy Or Sell Opportunity • May 13
Now 20% overvalued Over the last 90 days, the stock has fallen 27% to CN¥10.13. The fair value is estimated to be CN¥8.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Buy Or Sell Opportunity • Apr 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CN¥10.86. The fair value is estimated to be CN¥13.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Major Estimate Revision • Apr 03
Consensus revenue estimates increase by 17% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥9.53b to CN¥11.1b. EPS estimate increased from CN¥0.73 to CN¥0.805 per share. Net income forecast to grow 43% next year vs 23% growth forecast for Luxury industry in China. Consensus price target of CN¥18.40 unchanged from last update. Share price was steady at CN¥10.40 over the past week. Announcement • Mar 31
Guangdong Chj Industry Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Guangdong Chj Industry Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.56 (up from CN¥0.22 in FY 2024). Revenue: CN¥9.32b (up 43% from FY 2024). Net income: CN¥497.0m (up 157% from FY 2024). Profit margin: 5.3% (up from 3.0% in FY 2024). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Announcement • Mar 28
Guangdong Chj Industry Co.,Ltd., Annual General Meeting, Apr 20, 2026 Guangdong Chj Industry Co.,Ltd., Annual General Meeting, Apr 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.41, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 76% over the past three years. New Risk • Feb 24
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 7.5% 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 Dividend is not well covered by earnings (159% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.16, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Luxury industry in China. Total returns to shareholders of 124% over the past three years. Announcement • Dec 31
Guangdong Chj Industry Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Guangdong Chj Industry Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.017 loss per share (vs CN¥0.10 profit in 3Q 2024) Third quarter 2025 results: CN¥0.017 loss per share (down from CN¥0.10 profit in 3Q 2024). Revenue: CN¥2.13b (up 50% from 3Q 2024). Net loss: CN¥14.3m (down 117% from profit in 3Q 2024). Revenue is forecast to grow 13% 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 remained flat but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. New Risk • Oct 31
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: 2.5% Last year net profit margin: 5.4% 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 Dividend is not well covered by earnings (113% payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.74, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Luxury industry in China. Total returns to shareholders of 243% over the past three years. Declared Dividend • Oct 02
First half dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 15th October 2025 Payment date: 15th October 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (105% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 105% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Sep 30
Guangdong Chj Industry Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Guangdong Chj Industry Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Sep 03
Guangdong Chj Industry Co.,Ltd. Approves Interim Cash Dividend for 2025 Guangdong Chj Industry Co.,Ltd. at its Extraordinary General Meeting of 2025 held on 01 September 2025, approved interim profit distribution plan of Cash dividend of CNY 1.00000000 per 10 shares for 2025. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.11 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.11 in 2Q 2024). Revenue: CN¥1.85b (up 13% from 2Q 2024). Net income: CN¥142.3m (up 44% from 2Q 2024). Profit margin: 7.7% (up from 6.0% in 2Q 2024). Revenue is forecast to grow 15% 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 increased by 4% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 23
Guangdong Chj Industry Co.,Ltd. Proposes Interim Cash Dividend for the Year 2025 Guangdong Chj Industry Co.,Ltd. at its Extraordinary General Meeting of 2025, proposed interim cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2025. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Luxury industry in China. Total returns to shareholders of 296% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.62 per share. Announcement • Jul 02
Guangdong Chj Industry Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Guangdong Chj Industry Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥15.81, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 304% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.19 per share. Declared Dividend • May 31
Dividend of CN¥0.25 announced Shareholders will receive a dividend of CN¥0.25. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (123% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. EPS is expected to grow by 118% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥11.28, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 213% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.03 per share. Buy Or Sell Opportunity • May 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 79% to CN¥11.28. The fair value is estimated to be CN¥9.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 126% in the next 2 years. New Risk • May 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 123% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 123% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Major Estimate Revision • May 06
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥7.50b to CN¥7.87b. EPS estimate increased from CN¥0.478 to CN¥0.538 per share. Net income forecast to grow 31% next year vs 25% growth forecast for Luxury industry in China. Consensus price target up from CN¥6.92 to CN¥10.64. Share price was steady at CN¥10.40 over the past week. Announcement • Apr 29
Guangdong Chj Industry Co.,Ltd., Annual General Meeting, May 20, 2025 Guangdong Chj Industry Co.,Ltd., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥9.55, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Luxury industry in China. Total returns to shareholders of 138% over the past three years. Announcement • Mar 31
Guangdong Chj Industry Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Guangdong Chj Industry Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Mar 12
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 8.2% 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 (8.2% average weekly change). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.91, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Luxury industry in China. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.29 per share. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Luxury industry in China. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.24 per share. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.19, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Luxury industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.40 per share. Announcement • Dec 31
Guangdong Chj Industry Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Guangdong Chj Industry Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Announcement • Nov 28
Guangdong Chj Industry Co.,Ltd. Announces Board Appointments Guangdong Chj Industry Co.,Ltd. held its 1st Extraordinary General Meeting of 2024 on 22 November 2024, during which the shareholders approved election of non-independent directors, cumulative voting system applicable: Liao Muzhi, Liao Chuangbin, Zhong Mutian, Lin Junping, Xu Junxiong, Cai Zhonghua, as directors. Election of independent directors, cumulative voting system applicable: Zou Zhibo, Guo Jian, and Xie Haoran, as independent directors. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥1.43b (down 4.4% from 3Q 2023). Net income: CN¥86.4m (down 17% from 3Q 2023). Profit margin: 6.1% (down from 7.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% 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 2% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Oct 04
Upcoming dividend of CN¥0.10 per share Eligible shareholders must have bought the stock before 11 October 2024. Payment date: 11 October 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 3.6%. Within top quartile of Chinese dividend payers (2.2%). Higher than average of industry peers (3.0%). Announcement • Sep 30
Guangdong Chj Industry Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Guangdong Chj Industry 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 17% After last week's 17% share price gain to CN¥5.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Luxury industry in China. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.79 per share. Announcement • Sep 28
Guangdong Chj Industry Co.,Ltd. Announces Interim Cash Dividend of the Year 2024 of A Shares, Payable on 11 October 2024 Guangdong Chj Industry Co.,Ltd. announced interim cash dividend/10 shares (tax included) of CNY 1.00000000 for year 2024 of A shares. Record date is 10 October 2024. Ex-date is 11 October 2024. Payment date is 11 October 2024. Buy Or Sell Opportunity • Sep 19
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to CN¥4.51. The fair value is estimated to be CN¥3.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Buy Or Sell Opportunity • Sep 04
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to CN¥4.60. The fair value is estimated to be CN¥3.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Announcement • Aug 29
Guangdong Chj Industry Co.,Ltd. Announces Profit Distribution Proposal for the First Half of 2024 Guangdong Chj Industry Co.,Ltd. announced the profit distribution proposal for the first half of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 1.00000000. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.091 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.091 in 2Q 2023). Revenue: CN¥1.64b (up 10% from 2Q 2023). Net income: CN¥98.7m (up 17% from 2Q 2023). Profit margin: 6.0% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% 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 fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jun 29
Guangdong Chj Industry Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Guangdong Chj Industry Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 31
Dividend increased to CN¥0.25 Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 01
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.551 to CN¥0.47 per share. Revenue forecast steady at CN¥7.03b. Net income forecast to grow 49% next year vs 27% growth forecast for Luxury industry in China. Consensus price target broadly unchanged at CN¥8.21. Share price was steady at CN¥6.21 over the past week. Announcement • Apr 29
Guangdong Chj Industry Co.,Ltd., Annual General Meeting, May 17, 2024 Guangdong Chj Industry Co.,Ltd., Annual General Meeting, May 17, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China Announcement • Mar 30
Guangdong Chj Industry Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Guangdong Chj Industry Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥5.51, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Luxury industry in China. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.77 per share. Announcement • Dec 29
Guangdong Chj Industry Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Guangdong Chj Industry Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.09 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.09 in 3Q 2022). Revenue: CN¥1.49b (up 24% from 3Q 2022). Net income: CN¥104.4m (up 23% from 3Q 2022). Profit margin: 7.0% (in line with 3Q 2022). Revenue is forecast to grow 16% 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 14% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.091 (vs CN¥0.061 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.091 (up from CN¥0.061 in 2Q 2022). Revenue: CN¥1.48b (up 61% from 2Q 2022). Net income: CN¥84.5m (up 54% from 2Q 2022). Profit margin: 5.7% (down from 6.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% 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 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Guangdong Chj Industry Co.,Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Guangdong Chj Industry Co.,Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 31
Guangdong Chj Industry Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on 07 June 2023 Guangdong Chj Industry Co.,Ltd. announced final cash dividend of CNY 2.00000000 per 10 shares (tax included) on A shares for the year 2022. Record date is 06 June 2023, Ex-date is 07 June 2023 and Payment date is 07 June 2023. Announcement • May 23
Guangdong Chj Industry Co.,Ltd. Approves Cash Dividend for 2022 Guangdong Chj Industry Co.,Ltd. announced that at the Annual General Meeting of 2022 held on 19 May 2023 approved Cash dividend/10 shares (tax included) of CNY 2.00000000 for 2022. Price Target Changed • May 08
Price target increased by 14% to CN¥6.98 Up from CN¥6.11, the current price target is an average from 2 analysts. New target price is 7.4% below last closing price of CN¥7.53. Stock is up 81% over the past year. The company is forecast to post earnings per share of CN¥0.44 for next year compared to CN¥0.22 last year. Reported Earnings • Apr 29
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.22 (down from CN¥0.39 in FY 2021). Revenue: CN¥4.42b (down 4.7% from FY 2021). Net income: CN¥199.1m (down 43% from FY 2021). Profit margin: 4.5% (down from 7.6% in FY 2021). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 20% p.a. on average during the next 2 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 55% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.04, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Luxury industry in China. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.41 per share. Price Target Changed • Nov 16
Price target decreased to CN¥4.35 Down from CN¥6.11, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥4.47. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.39 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Tianhai Lin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 10
Price target decreased to CN¥4.35 Down from CN¥6.11, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥4.36. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.39 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.091 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.09. Revenue: CN¥1.21b (up 4.6% from 3Q 2021). Net income: CN¥84.6m (up 1.7% from 3Q 2021). Profit margin: 7.0% (down from 7.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Luxury industry in China. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.061 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.061 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥920.7m (down 22% from 2Q 2021). Net income: CN¥54.9m (down 43% from 2Q 2021). Profit margin: 6.0% (down from 8.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 20%, compared to a 24% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥5.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Luxury industry in China. Total returns to shareholders of 35% over the past three years. Upcoming Dividend • May 30
Upcoming dividend of CN¥0.20 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 06 June 2022. Payout ratio is a comfortable 53% and the cash payout ratio is 86%. Trailing yield: 4.6%. Within top quartile of Chinese dividend payers (2.1%). Higher than average of industry peers (3.9%). Announcement • May 24
Guangdong Chj Industry Co.,Ltd. Approves Cash Dividend for the Year 2021 Guangdong Chj Industry Co.,Ltd. announced that at its AGM held on May 20, 2022, shareholders approved the cash dividend of CNY 2.00 per 10 shares (tax included) for the year 2021. Price Target Changed • May 11
Price target decreased to CN¥5.25 Down from CN¥6.11, the current price target is an average from 3 analysts. New target price is 26% above last closing price of CN¥4.16. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.44 for next year compared to CN¥0.39 last year. Announcement • May 08
Guangdong Chj Industry Co.,Ltd. Proposes Final Cash Dividend for the Year of 2021 Guangdong Chj Industry Co.,Ltd. proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included), for the year of 2021. Announcement • May 07
Guangdong Chj Industry Co.,Ltd., Annual General Meeting, May 20, 2022 Guangdong Chj Industry Co.,Ltd., Annual General Meeting, May 20, 2022, at 15:00 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 work report of independent directors; to consider 2021 annual accounts; to consider Reappointment of 2022 audit firm; to consider 2021 profit distribution plan; and to transact other matters. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.12 in 1Q 2021). Revenue: CN¥1.25b (up 12% from 1Q 2021). Net income: CN¥95.3m (down 9.4% from 1Q 2021). Profit margin: 7.6% (down from 9.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 15%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Tianhai Lin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.81, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥2.63 per share. Major Estimate Revision • Aug 06
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from CN¥0.29 to CN¥0.38. Revenue forecast unchanged at CN¥4.04b. Net income forecast to grow 11% next year vs 23% growth forecast for Luxury industry in China. Consensus price target of CN¥7.55 unchanged from last update. Share price was steady at CN¥5.86 over the past week. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.041 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.18b (up 48% from 2Q 2020). Net income: CN¥96.7m (up 167% from 2Q 2020). Profit margin: 8.2% (up from 4.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Announcement • May 28
GUANGDONG CHJ INDUSTRY CO.,LTD. Announces 2020 Final Distribution Plan to Be Implemented (A Shares), Payment Date is 03 June 2021 GUANGDONG CHJ INDUSTRY CO.,LTD. Ltd. announced 2020 final distribution plan to be implemented (A shares). The company announced Cash dividend per 10 shares (tax included) is CNY 2.00000000. Record date: 02 June 2021;
Ex-date: 03 June 2021; Payment date: 03 June 2021. Announcement • May 25
GUANGDONG CHJ INDUSTRY CO.,LTD. Announces Cash Dividend for the Year 2020 GUANGDONG CHJ INDUSTRY CO.,LTD. announced cash dividend/10 shares (tax included)of CNY 2.00000000 for the year 2020. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.70, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Luxury industry in China. Total loss to shareholders of 39% over the past three years. Reported Earnings • May 03
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.03 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.12b (up 83% from 1Q 2020). Net income: CN¥105.2m (up CN¥128.0m from 1Q 2020). Profit margin: 9.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • May 02
Guangdong Chj Industry Co.,Ltd. Proposes Final Cash Dividend for the Year 2020 GUANGDONG CHJ INDUSTRY CO.,LTD. proposed final Cash dividend/10 shares (tax included):CNY 2.00000000 for the year 2020. Major Estimate Revision • Apr 03
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from CN¥0.18 to CN¥0.21. Revenue forecast unchanged at CN¥3.75b. Net income forecast to grow 33% next year vs 19% growth forecast for Luxury industry in China. Consensus price target of CN¥5.01 unchanged from last update. Share price fell 9.6% to CN¥4.54 over the past week. Is New 90 Day High Low • Mar 12
New 90-day high: CN¥4.56 The company is up 2.0% from its price of CN¥4.47 on 11 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 3.0% over the same period. Analyst Estimate Surprise Post Earnings • Mar 04
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 43%. Over the next year, revenue is forecast to grow 16%, compared to a 22% growth forecast for the Luxury industry in China. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.15 (vs CN¥0.09 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥3.22b (down 9.2% from FY 2019). Net income: CN¥140.2m (up 73% from FY 2019). Profit margin: 4.4% (up from 2.3% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥3.67 The company is down 17% from its price of CN¥4.41 on 30 October 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 down 10.0% over the same period. 
