Reported Earnings • May 05
First quarter 2026 earnings released: EPS: CN¥0.28 (vs CN¥0.19 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.28 (up from CN¥0.19 in 1Q 2025). Revenue: CN¥11.0b (up 35% from 1Q 2025). Net income: CN¥2.03b (up 50% from 1Q 2025). Profit margin: 18% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 20, 2026 Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: 11F, Building 1, No. 58, Haiqu Road, Pudong New Area, Shanghai China Buy Or Sell Opportunity • Apr 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥16.87. The fair value is estimated to be CN¥21.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 103%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 167% in the next 2 years. Buy Or Sell Opportunity • Apr 02
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CN¥16.97. The fair value is estimated to be CN¥21.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 103%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 167% in the next 2 years. Announcement • Mar 31
Zhejiang Century Huatong Group Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Zhejiang Century Huatong Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Mar 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to CN¥16.80. The fair value is estimated to be CN¥21.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 103%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 167% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.78, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Entertainment industry in China. Total returns to shareholders of 421% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.04 per share. Announcement • Jan 05
Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) announces an Equity Buyback for CNY 600 million worth of its shares. Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its shares. The shares will be repurchased at no more than CNY 25.97 per share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded from company's own funds or self raised funds. The program will be valid for 12 months. Announcement • Dec 31
Zhejiang Century Huatong Group Co.,Ltd to Report Fiscal Year 2025 Results on Apr 30, 2026 Zhejiang Century Huatong Group Co.,Ltd announced that they will report fiscal year 2025 results on Apr 30, 2026 Price Target Changed • Nov 14
Price target increased by 15% to CN¥24.25 Up from CN¥21.00, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥18.13. Stock is up 337% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.17 last year. New Risk • Nov 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 7.4% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.09 in 3Q 2024). Revenue: CN¥10.0b (up 60% from 3Q 2024). Net income: CN¥1.70b (up 164% from 3Q 2024). Profit margin: 17% (up from 10% in 3Q 2024). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 3.4%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Century Huatong Group Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Zhejiang Century Huatong Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥16.58, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Entertainment industry in China. Total returns to shareholders of 279% over the past three years. Major Estimate Revision • Sep 02
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥35.5b to CN¥39.8b. EPS estimate increased from CN¥0.699 to CN¥0.743 per share. Net income forecast to grow 220% next year vs 74% growth forecast for Entertainment industry in China. Consensus price target up from CN¥18.00 to CN¥21.00. Share price rose 12% to CN¥16.00 over the past week. Buy Or Sell Opportunity • Aug 08
Now 21% undervalued Over the last 90 days, the stock has risen 77% to CN¥14.12. The fair value is estimated to be CN¥17.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 269% in the next 2 years. New Risk • Jul 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% 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 Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Jul 15
Consensus revenue estimates increase by 19% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥29.8b to CN¥35.5b. EPS estimate increased from CN¥0.553 to CN¥0.699 per share. Net income forecast to grow 193% next year vs 47% growth forecast for Entertainment industry in China. Consensus price target up from CN¥10.00 to CN¥18.00. Share price rose 2.0% to CN¥13.01 over the past week. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.32, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 27x in the Entertainment industry in China. Total returns to shareholders of 196% over the past three years. Announcement • Jul 02
Zhejiang Century Huatong Group Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Zhejiang Century Huatong Group Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 29
Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 19, 2025 Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Price Target Changed • Apr 15
Price target increased by 12% to CN¥7.00 Up from CN¥6.23, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥6.92. Stock is up 66% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.07 last year. Announcement • Mar 31
Zhejiang Century Huatong Group Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Century Huatong Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.02, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 33x in the Entertainment industry in China. Total returns to shareholders of 8.5% over the past three years. Announcement • Jan 02
Zhejiang Century Huatong Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Zhejiang Century Huatong Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Announcement • Nov 20
Zhejiang Century Huatong Group Co.,Ltd(XSEC:002602) dropped from FTSE All-World Index (USD) Zhejiang Century Huatong Group Co.,Ltd(XSEC:002602) dropped from FTSE All-World Index (USD) Announcement • Nov 15
Zhejiang Century Huatong Group Co.,Ltd(XSEC:002602) dropped from S&P Global BMI Index Zhejiang Century Huatong Group Co.,Ltd(XSEC:002602) dropped from S&P Global BMI Index Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥4.18, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 32x in the Entertainment industry in China. Total loss to shareholders of 47% over the past three years. New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.069 in 3Q 2023). Revenue: CN¥6.25b (up 67% from 3Q 2023). Net income: CN¥644.9m (up 15% from 3Q 2023). Profit margin: 10% (down from 15% in 3Q 2023). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.85, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Entertainment industry in China. Total loss to shareholders of 34% over the past three years. Announcement • Sep 30
Zhejiang Century Huatong Group Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Zhejiang Century Huatong Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥3.79, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Entertainment industry in China. Total loss to shareholders of 49% over the past three years. Reported Earnings • Sep 03
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.06 in 2Q 2023). Revenue: CN¥5.01b (up 66% from 2Q 2023). Net income: CN¥506.8m (up 17% from 2Q 2023). Profit margin: 10% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Zhejiang Century Huatong Group Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Zhejiang Century Huatong Group Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Major Estimate Revision • May 29
Consensus EPS estimates increase by 24%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥17.1b to CN¥16.3b. EPS estimate rose from CN¥0.247 to CN¥0.306. Net income forecast to grow 229% next year vs 75% growth forecast for Entertainment industry in China. Consensus price target down from CN¥7.63 to CN¥6.23. Share price was steady at CN¥4.06 over the past week. Price Target Changed • May 28
Price target decreased by 20% to CN¥6.23 Down from CN¥7.78, the current price target is an average from 2 analysts. New target price is 57% above last closing price of CN¥3.96. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.07 last year. Major Estimate Revision • May 08
Consensus EPS estimates fall by 22%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥16.7b to CN¥17.1b. EPS estimate fell from CN¥0.317 to CN¥0.247 per share. Net income forecast to grow 183% next year vs 65% growth forecast for Entertainment industry in China. Consensus price target broadly unchanged at CN¥7.63. Share price fell 4.7% to CN¥4.46 over the past week. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.06 in 1Q 2023). Revenue: CN¥4.26b (up 41% from 1Q 2023). Net income: CN¥651.5m (up 50% from 1Q 2023). Profit margin: 15% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • May 01
Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 20, 2024 Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 11F, Building 1, No. 58, Haiqu Road, Pudong New Area, Shanghai China Announcement • Mar 30
Zhejiang Century Huatong Group Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Zhejiang Century Huatong Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 13
Zhejiang Century Huatong Group Co., Ltd. Approves Board Member Elections Zhejiang Century Huatong Group Co.,Ltd in its 2nd Extraordinary General Meeting of 2024 on 11 March 2024 approved the Election of non-independent directors, cumulative voting system applicable Zhao Qi, non-independent director, Qian Hao, non-independent director and He Jiuru, non-independent director. Election of independent directors, cumulative voting system applicable: Li Zhen, independent director, Yao Chengxiang, independent director and Zhang Xinrong, independent director. Election of non-employee supervisors: Wang Hui, non-employee supervisor and Li Bingjie, non-employee supervisor. New Risk • Jan 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 6.2% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 30
Zhejiang Century Huatong Group Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Zhejiang Century Huatong Group Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 Price Target Changed • Nov 30
Price target increased by 7.1% to CN¥6.52 Up from CN¥6.08, the current price target is an average from 3 analysts. New target price is 17% above last closing price of CN¥5.58. Stock is up 39% over the past year. The company is forecast to post earnings per share of CN¥0.22 next year compared to a net loss per share of CN¥0.96 last year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.022 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.022 in 3Q 2022). Revenue: CN¥3.74b (up 39% from 3Q 2022). Net income: CN¥561.0m (up 175% from 3Q 2022). Profit margin: 15% (up from 7.6% in 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Entertainment industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Zhejiang Century Huatong Group Co.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Zhejiang Century Huatong Group Co.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 45% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.04 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.06 (up from CN¥0.04 in 2Q 2022). Revenue: CN¥3.03b (up 3.3% from 2Q 2022). Net income: CN¥434.8m (up 57% from 2Q 2022). Profit margin: 14% (up from 9.4% in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Entertainment industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 13
Price target increased by 31% to CN¥6.53 Up from CN¥5.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥6.77. Stock is up 51% over the past year. The company is forecast to post earnings per share of CN¥0.26 next year compared to a net loss per share of CN¥0.96 last year. Price Target Changed • May 17
Price target decreased by 9.5% to CN¥4.75 Down from CN¥5.25, the current price target is provided by 1 analyst. New target price is 10% below last closing price of CN¥5.30. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥0.29 next year compared to a net loss per share of CN¥0.96 last year. Announcement • May 06
Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 19, 2023 Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 19, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Application for comprehensive credit line to financial and non-financial institutions; and to consider other matters. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (up from CN¥0.03 in 1Q 2022). Revenue: CN¥3.02b (down 14% from 1Q 2022). Net income: CN¥433.4m (up 108% from 1Q 2022). Profit margin: 14% (up from 5.9% in 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥13.2b to CN¥12.5b. EPS estimate also fell from CN¥0.176 per share to CN¥0.151 per share. Net income forecast to grow 436% next year vs 49% growth forecast for Entertainment industry in China. Consensus price target down from CN¥5.25 to CN¥5.00. Share price was steady at CN¥3.97 over the past week. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Yunfeng Zhang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.022 (down from CN¥0.038 in 3Q 2021). Revenue: CN¥2.69b (down 23% from 3Q 2021). Net income: CN¥204.3m (down 27% from 3Q 2021). Profit margin: 7.6% (down from 8.0% in 3Q 2021). Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 21% per year. Buying Opportunity • Sep 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be CN¥4.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 3.0%. Revenue is forecast to grow by 37% in 2 years. Earnings is forecast to grow by 651% in the next 2 years. Major Estimate Revision • Sep 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥15.1b to CN¥13.2b. EPS estimate increased from CN¥0.13 to CN¥0.18 per share. Net income forecast to grow 504% next year vs 40% growth forecast for Entertainment industry in China. Consensus price target of CN¥7.26 unchanged from last update. Share price fell 6.0% to CN¥4.08 over the past week. Reported Earnings • Sep 02
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥2.93b (down 12% from 2Q 2021). Net income: CN¥276.7m (down 85% from 2Q 2021). Profit margin: 9.4% (down from 56% in 2Q 2021). Revenue missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 98%. Over the next year, revenue is forecast to grow 30%, compared to a 30% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Price Target Changed • Jun 30
Price target decreased to CN¥7.26 Down from CN¥8.01, the current price target is an average from 4 analysts. New target price is 51% above last closing price of CN¥4.82. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.13 for next year compared to CN¥0.32 last year. Major Estimate Revision • Jun 24
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥17.2b to CN¥15.2b. EPS estimate fell from CN¥0.41 to CN¥0.10 per share. Net income forecast to shrink 30% next year vs 39% growth forecast for Entertainment industry in China . Consensus price target down from CN¥8.01 to CN¥7.76. Share price was steady at CN¥4.77 over the past week. Buying Opportunity • May 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be CN¥5.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 31% in a year. Earnings is forecast to grow by 60% in the next year. Announcement • May 12
Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) commences an Equity Buyback Plan for CNY 1,000 million worth of its shares, under the authorization approved on March 1, 2022. Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) commences share repurchases on May 6, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on March 1, 2022. As per the mandate, the company is authorized to repurchase up to CNY 1,000 million worth of its shares. The shares will be repurchased at a price of not more than CNY 10 per share. The shares purchased will be used for the company's equity incentive plan or employee stock ownership plans or reduction of registered capital. The program will be funded out of the company's own funds or self-raised funds. Announcement • May 07
Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 20, 2022 Zhejiang Century Huatong Group Co.,Ltd, Annual General Meeting, May 20, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; 2021 work report of the supervisory committee; 2021 annual accounts; 2021 annual report and its summary; 2021 profit distribution plan; reappointment of audit firm; and to consider other matters. Buying Opportunity • May 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥5.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 47% in the next 2 years. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.08 in 1Q 2021). Revenue: CN¥3.52b (down 12% from 1Q 2021). Net income: CN¥208.8m (down 64% from 1Q 2021). Profit margin: 5.9% (down from 15% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 57%. Over the next year, revenue is forecast to grow 31%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to CN¥8.01 Down from CN¥12.08, the current price target is an average from 4 analysts. New target price is 74% above last closing price of CN¥4.60. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥0.37 for next year compared to CN¥0.40 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. Chairman of the Supervisory Board Hui Hu is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.038 (vs CN¥0.12 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥3.48b (down 13% from 3Q 2020). Net income: CN¥279.1m (down 67% from 3Q 2020). Profit margin: 8.0% (down from 21% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Entertainment industry in China. Total loss to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.91 per share. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.11 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥3.31b (down 16% from 2Q 2020). Net income: CN¥1.87b (up 134% from 2Q 2020). Profit margin: 56% (up from 20% in 2Q 2020). The increase in margin was driven by lower expenses. Major Estimate Revision • Aug 20
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥0.54 to CN¥0.45 per share. Revenue forecast steady at CN¥16.0b. Net income forecast to grow 15% next year vs 45% growth forecast for Entertainment industry in China. Consensus price target of CN¥7.83 unchanged from last update. Share price rose 3.6% to CN¥5.43 over the past week. Announcement • Jun 05
Wang Ji completed the acquisition of additional 5% stake in Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) from Zhejiang Huatong Holding Group Co., Ltd and Wang Miaotong. Wang Ji signed a share purchase agreement to acquire additional 5% stake in Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) from Zhejiang Huatong Holding Group Co., Ltd and Wang Miaotong for CNY 2.8 billion on March 14, 2021. As per the terms, will transfer 356.5 million shares representing 4.78% stake and Wang Miaotong will transfer 16.1 million shares representing 0.22% stake in Zhejiang Century Huatong Group Co.,Ltd. The transfer price is CNY 7.50 per share. After the transfer, Wang Ji will directly own 765.9 million shares representing 10.28% stake.
Wang Ji completed the acquisition of additional 5% stake in Zhejiang Century Huatong Group Co.,Ltd (SZSE:002602) from Zhejiang Huatong Holding Group Co., Ltd and Wang Miaotong on June 3, 2021. Major Estimate Revision • May 18
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥0.74 to CN¥0.54. Revenue forecast unchanged from CN¥18.5b at last update. Net income forecast to grow 72% next year vs 52% growth forecast for Entertainment industry in China. Consensus price target down from CN¥12.08 to CN¥9.00. Share price rose 2.1% to CN¥6.67 over the past week. Reported Earnings • May 01
Full year 2020 earnings released: EPS CN¥0.40 (vs CN¥0.38 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥15.0b (up 2.0% from FY 2019). Net income: CN¥2.95b (up 29% from FY 2019). Profit margin: 20% (up from 16% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 26
Price target lowered to CN¥13.16 Down from CN¥15.33, the current price target is an average from 4 analysts. The new target price is 109% above the current share price of CN¥6.28. As of last close, the stock is down 44% over the past year. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥6.11 The company is down 24% from its price of CN¥8.07 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.40 per share. Is New 90 Day High Low • Jan 19
New 90-day low: CN¥6.60 The company is down 24% from its price of CN¥8.73 on 21 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 Entertainment industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.83 per share. Is New 90 Day High Low • Dec 17
New 90-day low: CN¥7.39 The company is down 30% from its price of CN¥10.59 on 18 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 Entertainment industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.19 per share. Is New 90 Day High Low • Nov 26
New 90-day low: CN¥7.61 The company is down 30% from its price of CN¥10.84 on 28 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.62 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.72b, up 172% from the prior year. Total revenue was CN¥15.5b over the last 12 months, up 9.3% from the prior year. Is New 90 Day High Low • Oct 19
New 90-day low: CN¥8.79 The company is down 29% from its price of CN¥12.38 on 21 July 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.70 per share. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥9.52 The company is down 25% from its price of CN¥12.68 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.81 per share. Announcement • Aug 14
Zhejiang Century Huatong Group Co.,Ltd to Report First Half, 2020 Results on Aug 29, 2020 Zhejiang Century Huatong Group Co.,Ltd announced that they will report first half, 2020 results on Aug 29, 2020