Announcement • May 30
Beijing Urban Construction Design & Development Group Co., Limited Approves Final Dividend for the Year 2025, Payable Before 28 August 2026 Beijing Urban Construction Design & Development Group Co., Limited at its AGM, held on 29 May 2026, approved 2025 Profit Distribution Plan and Dividend Declaration Proposal. The distribution of cash dividend for 2025 of RMB 0.0717 per Share (tax inclusive) was approved at the AGM. Such dividend is expected to be distributed before 28 August 2026 to Domestic Shareholders and H Shareholders whose names appear on the register of members of the Company on 12 June 2026. Dividend declared to holders of H Shares shall be paid in Hong Kong dollars. The Hong Kong dollar amount shall be converted based on the average closing exchange rate of Renminbi against Hong Kong dollars as announced by the People's Bank of China for the five working days preceding the date of the AGM held on 29 May 2026 at which the declaration of the dividend was approved, being HKD 1.00 to RMB 0.871780. As such, the dividend of every H Share of the Company is HKD 0.082246 (tax inclusive). Ex Date is 05 June 2026. Announcement • May 29
Beijing Urban Construction Design & Development Group Co., Limited Approves the Appointment of Li Bing as A Non-Executive Director Beijing Urban Construction Design & Development Group Co., Limited at its AGM, held on 29 May 2026, approved the appointment of Mr. Li Bing as a non-executive Director. Upcoming Dividend • May 29
Upcoming dividend of CN¥0.072 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 28 August 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (4.8%). Announcement • Apr 24
Beijing Urban Construction Design & Development Group Co., Limited, Annual General Meeting, May 29, 2026 Beijing Urban Construction Design & Development Group Co., Limited, Annual General Meeting, May 29, 2026. New Risk • Apr 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.9% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.38 in FY 2024) Full year 2025 results: EPS: CN¥0.38 (in line with FY 2024). Revenue: CN¥7.53b (down 13% from FY 2024). Net income: CN¥515.2m (flat on FY 2024). Profit margin: 6.8% (up from 5.9% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% 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 • Mar 16
Beijing Urban Construction Design & Development Group Co., Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Beijing Urban Construction Design & Development Group Co., Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Jan 20
Beijing Urban Construction Design & Development Group Co., Limited Appoints Zhang Pengchao as Non-Executive Director Beijing Urban Construction Design & Development Group Co., Limited announced that at the 2026 First Extraordinary General Meeting of the Company held on January 20, 2026, approved Appoints Zhang Pengchao as Non-Executive Director, Effective January 20, 2026. New Risk • Nov 17
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: 4.8% Last year net profit margin: 7.0% 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: Major Risks Debt is not well covered by operating cash flow (7.9% operating cash flow to total debt). Earnings have declined by 9.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.8% net profit margin). New Risk • Sep 02
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: 4.8% Last year net profit margin: 8.4% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.8% net profit margin). Reported Earnings • Sep 02
Second quarter 2025 earnings released: EPS: CN¥0.079 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.079 (down from CN¥0.17 in 2Q 2024). Revenue: CN¥1.79b (down 25% from 2Q 2024). Net income: CN¥118.2m (down 49% from 2Q 2024). Profit margin: 6.6% (down from 9.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Aug 18
Beijing Urban Construction Design & Development Group Co., Limited to Report First Half, 2025 Results on Aug 28, 2025 Beijing Urban Construction Design & Development Group Co., Limited announced that they will report first half, 2025 results on Aug 28, 2025 Upcoming Dividend • Jun 13
Upcoming dividend of CN¥0.11 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 28 August 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (5.2%). New Risk • May 19
New major risk - Revenue and earnings growth Earnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings have declined by 1.3% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.65 in FY 2023) Full year 2024 results: EPS: CN¥0.38 (down from CN¥0.65 in FY 2023). Revenue: CN¥8.66b (down 16% from FY 2023). Net income: CN¥516.9m (down 41% from FY 2023). Profit margin: 6.0% (down from 8.4% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year. Announcement • Mar 14
Beijing Urban Construction Design & Development Group Co., Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Beijing Urban Construction Design & Development Group Co., Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 26, 2025 Announcement • Nov 15
Beijing Urban Construction Design & Development Group Co., Limited Appoints Xia Xiujiang as Executive Director and Member of the Overseas Risk Control Committee of the Board Beijing Urban Construction Design & Development Group Co., Limited at its extraordinary general meeting held on 15 November 2024, approved the appointment of Mr. Xia Xiujiang as executive Director of the Company. At the Board meeting held on 15 November 2024, Mr. Xia Xiujiang was appointed as a member of the Overseas Risk Control Committee of the Board with effect from 15 November 2024. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: CN¥0.077 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.077 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥1.80b (down 16% from 3Q 2023). Net income: CN¥101.3m (down 61% from 3Q 2023). Profit margin: 5.6% (down from 12% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Oct 22
Beijing Urban Construction Design & Development Group Co., Limited Announces Retirement of Wang Hanjun as Executive Director The board of directors (the "Board ") of Beijing Urban Construction Design & Development Group Co., Limited announces that Mr. Wang Hanjun has ceased to be an executive director, a member of the Overseas Risk Control Committee under the Board, the general manager of the Company and the authorised representative of the Company (the "Authorised Representative") as required by Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange Listing Rules") due to his retirement, with effect from 22 October 2024. Upon his retirement, Mr. Wang Hanjun will cease to hold any positions in the Company. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$1.71, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 10x in the Construction industry in Hong Kong. Total loss to shareholders of 2.5% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.16 in 2Q 2023). Revenue: CN¥2.38b (flat on 2Q 2023). Net income: CN¥230.1m (up 12% from 2Q 2023). Profit margin: 9.7% (up from 8.7% in 2Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Construction industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Beijing Urban Construction Design & Development Group Co., Limited to Report First Half, 2024 Results on Aug 29, 2024 Beijing Urban Construction Design & Development Group Co., Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 24
Beijing Urban Construction Design & Development Group Co., Limited Approves Final Dividend for the Year Ended December 31, 2023, Payable on August 22, 2024 Beijing Urban Construction Design & Development Group Co., Limited approved final dividend of RMB 0.1724 per share for the year ended December 31, 2023. Ex-dividend date is 30 May 2024. Record date is 06 June 2024. Payment date is 22 August 2024. Upcoming Dividend • May 23
Upcoming dividend of CN¥0.17 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 22 August 2024. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 8.8%. Within top quartile of Hong Kong dividend payers (7.4%). Higher than average of industry peers (5.4%). Reported Earnings • May 02
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥1.80b (down 16% from 1Q 2023). Net income: CN¥135.9m (down 30% from 1Q 2023). Profit margin: 7.6% (down from 9.0% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. New Risk • Apr 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% 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: Major Risk Debt is not well covered by operating cash flow (5.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Declared Dividend • Apr 01
Dividend of CN¥0.17 announced Shareholders will receive a dividend of CN¥0.17. Ex-date: 30th May 2024 Payment date: 22nd August 2024 Dividend yield will be 9.0%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Announcement • Mar 30
Beijing Urban Construction Design & Development Group Co., Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 22 August 2024 Beijing Urban Construction Design & Development Group Co., Limited proposed final dividend of RMB 0.1724 per share for the year ended December 31, 2023. Ex-dividend date is 30 May 2024. Record date is 06 June 2024. Payment date is 22 August 2024. Date of shareholders' approval is 23 May 2024. Announcement • Mar 29
Beijing Urban Construction Design & Development Group Co., Limited, Annual General Meeting, May 23, 2024 Beijing Urban Construction Design & Development Group Co., Limited, Annual General Meeting, May 23, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.65 (vs CN¥0.72 in FY 2022) Full year 2023 results: EPS: CN¥0.65 (down from CN¥0.72 in FY 2022). Revenue: CN¥10.4b (down 2.2% from FY 2022). Net income: CN¥872.9m (down 10% from FY 2022). Profit margin: 8.4% (down from 9.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 27
Now 20% overvalued Over the last 90 days, the stock has fallen 2.0% to HK$1.93. The fair value is estimated to be HK$1.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 19% in a year. Earnings are forecast to grow by 23% in the next year. Announcement • Mar 19
Beijing Urban Construction Design & Development Group Co., Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Beijing Urban Construction Design & Development Group Co., Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Buy Or Sell Opportunity • Feb 22
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 1.0% to HK$1.99. The fair value is estimated to be HK$1.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 19% in a year. Earnings are forecast to grow by 23% in the next year. Buy Or Sell Opportunity • Feb 08
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at HK$1.96. The fair value is estimated to be HK$1.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 8.0%. Revenue is forecast to grow by 19% in a year. Earnings are forecast to grow by 23% in the next year. New Risk • Nov 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% 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: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16. Revenue: CN¥2.37b (up 5.8% from 2Q 2022). Net income: CN¥205.3m (flat on 2Q 2022). Profit margin: 8.7% (down from 9.2% 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 2 years, compared to a 12% growth forecast for the Construction industry in Hong Kong. Announcement • Aug 22
Beijing Urban Construction Design & Development Group Co., Limited to Report First Half, 2023 Results on Aug 31, 2023 Beijing Urban Construction Design & Development Group Co., Limited announced that they will report first half, 2023 results on Aug 31, 2023 Buying Opportunity • Jul 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be HK$2.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 25% in the next year. New Risk • Jun 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (297% cash payout ratio). Large one-off items impacting financial results. Announcement • May 26
Beijing Urban Construction Design & Development Group Co., Limited Approves Cash Dividend for the Year 2022, Payable Before 25 August 2023 Beijing Urban Construction Design & Development Group Co., Limited at its Annual General Meeting held on 25 May 2023, approved the distribution of cash dividend for 2022 of RMB 0.1898 per Share (tax inclusive). Such dividend is expected to be distributed before 25 August 2023 to Domestic Shareholders and H Shareholders whose names appear on the register of members of the Company on 7 June 2023. Dividend payable to H Shareholders shall be paid in Hong Kong dollars. The amount to be paid in Hong Kong dollars will be converted based on the average closing exchange rate between RMB and Hong Kong dollars issued by the People's Bank of China for the five business days prior to the date of approving the declaration of dividends at the AGM held on 25 May 2023 (that is HKD 1.00 to RMB 0.897890). As such, the dividend of every H Share of the Company is HKD 0.211384 (tax inclusive). Upcoming Dividend • May 24
Upcoming dividend of CN¥0.19 per share at 8.6% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (4.7%). Reported Earnings • Mar 26
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: CN¥0.72 (up from CN¥0.59 in FY 2021). Revenue: CN¥10.6b (up 12% from FY 2021). Net income: CN¥972.3m (up 21% from FY 2021). Profit margin: 9.2% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$2.46, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Construction industry in Hong Kong. Total returns to shareholders of 41% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Peng Xia was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥2.22b (down 5.9% from 3Q 2021). Net income: CN¥200.2m (down 23% from 3Q 2021). Profit margin: 9.0% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥2.24b (down 13% from 2Q 2021). Net income: CN¥205.6m (up 3.8% from 2Q 2021). Profit margin: 9.2% (up from 7.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 18%, compared to a 13% growth forecast for the Construction industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 25
Upcoming dividend of CN¥0.17 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (5.0%). Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Peng Xia was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 29
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: CN¥9.50b (down 4.8% from FY 2020). Net income: CN¥802.7m (up 2.1% from FY 2020). Profit margin: 8.4% (up from 7.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 43%, compared to a 14% growth forecast for the industry in Hong Kong. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 17% share price gain to HK$2.33, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Construction industry in Hong Kong. Total loss to shareholders of 15% over the past three years. Executive Departure • Jun 05
Non-Executive Director Shuchang Tang has left the company On the 28th of May, Shuchang Tang's tenure as Non-Executive Director ended after 6.5 years in the role. We don't have any record of a personal shareholding under Shuchang's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 14.00 years. Upcoming Dividend • May 27
Upcoming dividend of CN¥0.16 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 30 July 2021. Trailing yield: 8.4%. Within top quartile of Hong Kong dividend payers (5.9%). Higher than average of industry peers (4.7%). Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.58 (vs CN¥0.49 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥9.98b (up 19% from FY 2019). Net income: CN¥786.5m (up 20% from FY 2019). Profit margin: 7.9% (up from 7.8% 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 13% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥9.98b (up 19% from FY 2019). Net income: CN¥786.5m (up 20% from FY 2019). Profit margin: 7.9% (up from 7.8% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 25
New 90-day high: HK$2.20 The company is up 8.0% from its price of HK$2.03 on 27 November 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$24.80 per share. Is New 90 Day High Low • Jan 19
New 90-day high: HK$2.09 The company is up 3.0% from its price of HK$2.03 on 21 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$24.66 per share. Is New 90 Day High Low • Dec 22
New 90-day low: HK$1.88 The company is down 9.0% from its price of HK$2.06 on 23 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$24.44 per share. Is New 90 Day High Low • Oct 29
New 90-day low: HK$1.96 The company is down 16% from its price of HK$2.34 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$19.98 per share.