Valuation Update With 7 Day Price Move • 8h
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥57.82, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 24x in the Electrical industry in China. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥51.60, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 23x in the Electrical industry in China. Total returns to shareholders of 134% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥56.98, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 167% over the past three years. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.36 (vs CN¥0.23 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.36 (up from CN¥0.23 in 1Q 2025). Revenue: CN¥1.33b (down 3.4% from 1Q 2025). Net income: CN¥133.6m (up 88% from 1Q 2025). Profit margin: 10.0% (up from 5.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Buy Or Sell Opportunity • Apr 28
Now 31% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to CN¥39.60. The fair value is estimated to be CN¥57.37, 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 grown by 18%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Declared Dividend • Apr 27
Final dividend of CN¥0.12 announced Shareholders will receive a dividend of CN¥0.12. Ex-date: 29th April 2026 Payment date: 29th April 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 109% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock has risen 4.2% to CN¥46.18. The fair value is estimated to be CN¥58.51, 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 grown by 18%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Announcement • Mar 30
Anhui Anfu Battery Technology Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Anhui Anfu Battery Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥47.55, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 45% over the past three years. Reported Earnings • Mar 14
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥1.00 (up from CN¥0.80 in FY 2024). Revenue: CN¥4.77b (up 2.9% from FY 2024). Net income: CN¥226.0m (up 34% from FY 2024). Profit margin: 4.7% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 9.9%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Announcement • Mar 09
Anhui Anfu Battery Technology Co.,Ltd, Annual General Meeting, Apr 09, 2026 Anhui Anfu Battery Technology Co.,Ltd, Annual General Meeting, Apr 09, 2026, at 14:00 China Standard Time. Location: Room 1801, North Tower, No. 888, Qianshan Road, Shushan District, Hefei, Anhui China New Risk • Feb 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (22% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥59.40, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 58x in the Electrical industry in China. Total returns to shareholders of 74% over the past three years. Buy Or Sell Opportunity • Feb 03
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to CN¥55.65. The fair value is estimated to be CN¥45.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. Buy Or Sell Opportunity • Jan 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to CN¥54.80. The fair value is estimated to be CN¥45.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥52.50, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 53x in the Electrical industry in China. Total returns to shareholders of 72% over the past three years. Announcement • Dec 26
Anhui Anfu Battery Technology Co.,Ltd to Report Fiscal Year 2025 Results on Mar 10, 2026 Anhui Anfu Battery Technology Co.,Ltd announced that they will report fiscal year 2025 results on Mar 10, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥46.10, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 51x in the Electrical industry in China. Total returns to shareholders of 46% over the past three years. Buy Or Sell Opportunity • Nov 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.4% to CN¥36.23. The fair value is estimated to be CN¥45.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.50 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.31. Revenue: CN¥1.18b (down 7.9% from 3Q 2024). Net income: CN¥67.9m (up 20% from 3Q 2024). Profit margin: 5.7% (up from 4.4% in 3Q 2024). The increase in margin was driven by lower expenses. Announcement • Sep 30
Anhui Anfu Battery Technology Co.,Ltd to Report Q3, 2025 Results on Oct 29, 2025 Anhui Anfu Battery Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 22
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 7.0% 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 (7.0% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥44.15, the stock trades at a trailing P/E ratio of 61.3x. Average trailing P/E is 52x in the Electrical industry in China. Total returns to shareholders of 45% over the past three years. New Risk • Sep 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Shareholders have been diluted in the past year (19% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥32.67, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 46x in the Electrical industry in China. Total loss to shareholders of 10% over the past three years. Reported Earnings • Jul 23
Second quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.093 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.093 in 2Q 2024). Revenue: CN¥1.05b (up 3.9% from 2Q 2024). Net income: CN¥35.4m (up 24% from 2Q 2024). Profit margin: 3.4% (up from 2.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Anhui Anfu Battery Technology Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Anhui Anfu Battery Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Apr 23
Dividend of CN¥0.24 announced Shareholders will receive a dividend of CN¥0.24. Ex-date: 25th April 2025 Payment date: 25th April 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 52% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 28
Anhui Anfu Battery Technology Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Anhui Anfu Battery Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 24
Anhui Anfu Battery Technology Co.,Ltd, Annual General Meeting, Apr 11, 2025 Anhui Anfu Battery Technology Co.,Ltd, Annual General Meeting, Apr 11, 2025, at 14:00 China Standard Time. Location: Room 1801, North Tower, No. 888, Qianshan Road, Shushan District, Hefei, Anhui China Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: CN¥0.80 (vs CN¥0.70 in FY 2023) Full year 2024 results: EPS: CN¥0.80 (up from CN¥0.70 in FY 2023). Revenue: CN¥4.64b (up 7.4% from FY 2023). Net income: CN¥168.2m (up 45% from FY 2023). Profit margin: 3.6% (up from 2.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 27
Anhui Anfu Battery Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 02, 2025 Anhui Anfu Battery Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 02, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.50 (vs CN¥0.23 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.50 (up from CN¥0.23 in 3Q 2023). Revenue: CN¥1.28b (up 11% from 3Q 2023). Net income: CN¥56.8m (up 51% from 3Q 2023). Profit margin: 4.4% (up from 3.3% in 3Q 2023). 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 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.98, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 30x in the Electrical industry in China. Total returns to shareholders of 4.1% over the past three years. Announcement • Sep 30
Anhui Anfu Battery Technology Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Anhui Anfu Battery Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥26.90, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 29x in the Electrical industry in China. Total loss to shareholders of 1.3% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.13 in 2Q 2023). Revenue: CN¥1.01b (down 2.8% from 2Q 2023). Net income: CN¥28.4m (up 39% from 2Q 2023). Profit margin: 2.8% (up from 2.0% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Anhui Anfu Battery Technology Co.,Ltd to Report First Half, 2024 Results on Aug 13, 2024 Anhui Anfu Battery Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 13, 2024 New Risk • May 29
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 8.6% 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 (8.6% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥28.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 52% over the past three years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.44 (vs CN¥0.28 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.44 (up from CN¥0.28 in 1Q 2023). Revenue: CN¥1.30b (up 12% from 1Q 2023). Net income: CN¥64.7m (up 44% from 1Q 2023). Profit margin: 5.0% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥29.83, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 9.0% over the past three years. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥39.75. The fair value is estimated to be CN¥49.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. Announcement • Mar 29
Anhui Anfu Battery Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Anhui Anfu Battery Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 28
Anhui Anfu Battery Technology Co.,Ltd (SHSE:603031) agreed to acquire remaining 37.75% stake in Anhui Anfu Energy Technology Co., Ltd. Anhui Anfu Battery Technology Co.,Ltd (SHSE:603031) agreed to acquire remaining 37.75% stake in Anhui Anfu Energy Technology Co., Ltd. on March 26, 2024. The transaction price is estimated CNY 1.6 billion. The cash part of the transaction will be financed from new share issue. As of December 31, 2023, Anhui Anfu Energy Technology Co., Ltd. generated total assets of CNY 6.8 billion, net assets of CNY 4 billion, operating income of CNY , net income of CNY 864.7 million, and revenue of CNY 4.3 billion. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥57.09, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 109% over the past three years. Announcement • Mar 12
Anhui Anfu Battery Technology Co.,Ltd, Annual General Meeting, Apr 02, 2024 Anhui Anfu Battery Technology Co.,Ltd, Annual General Meeting, Apr 02, 2024, at 14:00 China Standard Time. Location: Room 1801, North Tower, No. 888, Qianshan Road, Shushan District, Hefei, Anhui China Reported Earnings • Mar 12
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.01 (up from CN¥0.73 in FY 2022). Revenue: CN¥4.32b (up 28% from FY 2022). Net income: CN¥115.8m (up 42% from FY 2022). Profit margin: 2.7% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
Anhui Anfu Battery Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 12, 2024 Anhui Anfu Battery Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 12, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.35 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.34 (down from CN¥0.35 in 3Q 2022). Revenue: CN¥1.15b (up 18% from 3Q 2022). Net income: CN¥37.7m (down 2.9% from 3Q 2022). Profit margin: 3.3% (down from 4.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% 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 102% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Anhui Anfu Battery Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Anhui Anfu Battery Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.051 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.051 in 2Q 2022). Revenue: CN¥1.04b (up 66% from 2Q 2022). Net income: CN¥20.4m (up 254% from 2Q 2022). Profit margin: 2.0% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Anhui Anfu Battery Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Anhui Anfu Battery Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.31 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.40 (up from CN¥0.31 in 1Q 2022). Revenue: CN¥1.16b (up 21% from 1Q 2022). Net income: CN¥44.8m (up 30% from 1Q 2022). Profit margin: 3.9% (up from 3.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 5 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.35. Net income: CN¥38.9m (up CN¥38.9m from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.051 (vs CN¥0.01 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.051 (up from CN¥0.01 in 2Q 2021). Revenue: CN¥627.3m (up 31% from 2Q 2021). Net income: CN¥5.77m (up 403% from 2Q 2021). Profit margin: 0.9% (up from 0.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.01 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.01 in 1Q 2021). Revenue: CN¥960.2m (up 100% from 1Q 2021). Net income: CN¥34.5m (up CN¥33.4m from 1Q 2021). Profit margin: 3.6% (up from 0.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 152 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 5 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: CN¥0.46 loss per share (vs CN¥0.06 loss in FY 2020) Full year 2021 results: CN¥0.46 loss per share (down from CN¥0.06 loss in FY 2020). Revenue: CN¥1.68b (down 5.0% from FY 2020). Net loss: CN¥51.6m (loss widened CN¥45.0m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance. Announcement • Feb 10
Anhui Andeli Department Store Co., Ltd. announced that it expects to receive CNY 1.35 billion in funding Anhui Andeli Department Store Co., Ltd. announced a private placement of not more than 33,600,000 A shares for not more than CNY 1,350,000,000 on February 9, 2022. The investor of this non-public offering of stocks should not be more than 35 specific subscribers. The number of shares shall not exceed 30% of the company's total share capital. The par value of each share is CNY 1. The issue price shall not be lower than 80% of the average trading price of the company's A shares in the 20 trading days prior to the pricing benchmark date. The shares subscribed by the issuer in this non-public offering shall not be transferred within 6 months from the end of the issue. The transaction been reviewed and approved at the eighth meeting of the fourth session of the board of directors. This non-public offering of shares still needs to be reviewed and approved by the company's general meeting of shareholders and approved by the China Securities Regulatory Commission. The validity period of this non-public issuance resolution is 12 months from the date of deliberation and approval at the company's general meeting of shareholders. Announcement • Nov 24
Anhui Andeli Department Store Co., Ltd. (SHSE:603031) agreed to acquire Shaanxi Green Energy Electronic Technology Co., Ltd from Li Xingmin, Xi’an Daoheng Tongchuang Enterprise Management Consulting Co., Ltd., Shaanxi Zhongxin Tongchuang Digital Technology Partnership Enterprise (Limited Partnership), Shaanxi Bode Hengye Energy Technology Partnership Enterprise (Limited Partnership) and Xi’an Fandi Caiwu Consulting Co., Ltd. for CNY 90 million. Anhui Andeli Department Store Co., Ltd. (SHSE:603031) agreed to acquire Shaanxi Green Energy Electronic Technology Co., Ltd from Li Xingmin, Xi’an Daoheng Tongchuang Enterprise Management Consulting Co., Ltd., Shaanxi Zhongxin Tongchuang Digital Technology Partnership Enterprise (Limited Partnership), Shaanxi Bode Hengye Energy Technology Partnership Enterprise (Limited Partnership) and Xi’an Fandi Caiwu Consulting Co., Ltd. for CNY 90 million on November 21, 2021. Li Xingmin, Xi’an Daoheng Tongchuang Enterprise Management Consulting Co., Ltd., Shaanxi Zhongxin Tongchuang Digital Technology Partnership Enterprise (Limited Partnership) and Xi’an Fandi Caiwu Consulting Co., Ltd will sell 12%, 63%,10%,10% and 5% stake respectively. Shaanxi Green Energy Electronic Technology Co., Ltd reported Total Assets of CNY 136.5 million and net assets of CNY 37.2 million for October 31, 2021. Transaction has been approved in the 17th Meeting of Anhui Andeli Department Store Co., Ltd 10th Directorate held on November 21, 2021, and is subject to the official agreement and the Company’s Shareholders’ Approval. Reported Earnings • Nov 01
Third quarter 2021 earnings released: CN¥0.12 loss per share (vs CN¥0.039 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CN¥466.5m (down 4.7% from 3Q 2020). Net loss: CN¥11.8m (loss widened 133% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance. Announcement • Sep 13
Anhui Andeli Department Store Co., Ltd. (SHSE:603031) signed share transfer framework agreement to acquire 36% stake in Ningbo Akin Electronic Technology Co.,Ltd. from Ningbo Yafeng Electric Co., Ltd. for CNY 2.5 billion. Anhui Andeli Department Store Co., Ltd. (SHSE:603031) signed share transfer framework agreement to acquire 36% stake in Ningbo Akin Electronic Technology Co.,Ltd. from Ningbo Yafeng Electric Co., Ltd. for CNY 2.5 billion on September 10, 2021. As per the transaction, Anhui Andeli Department Store Co., Ltd. will acquire 1.35 billion shares. The transaction is subject to obtaining approval from the shareholders of Anhui Andeli Department Store Co., Ltd. while its Board of Directors has approved the transaction. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.11 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: CN¥479.2m (flat on 1Q 2020). Net income: CN¥1.15m (down 91% from 1Q 2020). Profit margin: 0.2% (down from 2.7% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 24
New 90-day high: CN¥26.22 The company is up 1.0% from its price of CN¥25.99 on 26 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Consumer Retailing industry, which is also up 1.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: CN¥21.79 The company is down 22% from its price of CN¥27.99 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 6.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: CN¥21.93 The company is down 21% from its price of CN¥27.85 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 14% over the same period. Announcement • Oct 16
Anhui Andeli Department Store Co., Ltd. announced that it expects to receive CNY 511.4221 million in funding Anhui Andeli Department Store Co., Ltd. (SHSE:603031) announced a private placement of no more than 33,600,000 A shares for gross proceeds of CNY 511,422,100 on October 15, 2020. The maximum number of non-publicly issued shares does not exceed 30% of the company's total share capital before the issuance. The pricing base date of this transaction is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The share issue at par value CNY 1 each. The transaction will include participation from no more than 35 specific investors including Anhui Jintong New Energy Automobile Phase II Fund Partnership (Limited Partnership) for CNY 200,000,000 and the lock up period for it is 18 months, for the other investors is 6 months. The transaction has been approved by board of directors of the company in its 16th meeting of the 3rd directorate of the company subject to the approval of the company's shareholders meeting and the China Securities Regulatory Commission. The transaction is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. Is New 90 Day High Low • Sep 22
New 90-day low: CN¥28.56 The company is down 24% from its price of CN¥37.40 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 1.0% over the same period. Announcement • Jul 10
Anhui Andeli Department Store Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Anhui Andeli Department Store Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 Announcement • Jun 16
Qin Daqian completed the acquisition of 9.63% stake in Anhui Andeli Department Store Co., Ltd. (SHSE:603031) from Chen Xuegao. Qin Daqian signed an agreement to acquire 9.63% stake in Anhui Andeli Department Store Co., Ltd. (SHSE:603031) from Chen Xuegao for approximately CNY 340 million on May 19, 2020. Qin Daqian will acquire 10.79 million shares at CNY 31.365 per share. As per terms of consideration, CNY 100 million will be paid within 10 days since signing of the agreement and the remaining balance of CNY 238.3 million will be paid within 15 days since completion of delivery of underlying equity.
Qin Daqian completed the acquisition of 9.63% stake in Anhui Andeli Department Store Co., Ltd. (SHSE:603031) from Chen Xuegao on June 12, 2020.