Announcement • Jun 30
Shenzhen Hemei Group Co.,LTD. to Report First Half, 2026 Results on Aug 29, 2026 Shenzhen Hemei Group Co.,LTD. announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • May 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 20
Full year 2025 earnings released: EPS: CN¥0.029 (vs CN¥0.033 loss in FY 2024) Full year 2025 results: EPS: CN¥0.029 (up from CN¥0.033 loss in FY 2024). Revenue: CN¥582.9m (up 43% from FY 2024). Net income: CN¥38.4m (up CN¥82.1m from FY 2024). Profit margin: 6.6% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 20
Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 11, 2026 Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 11, 2026, at 15:00 China Standard Time. Location: No. 3288, Houhaibin Road, Haizhu Community, Yuehai Subdistrict, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Hemei Group Co.,LTD. to Report Q1, 2026 Results on Apr 29, 2026 Shenzhen Hemei Group Co.,LTD. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Jan 30
Shenzhen Hemei Group Co.,Ltd. Approves Board Election Shenzhen Hemei Group Co.,LTD. at the Extraordinary General Meeting of 2026 on 28 January 2026 approved election of non-independent directors, cumulative voting system applicable: Hao Bin, non-independent director; Election of independent directors, cumulative voting system applicable: Guo Shujuan, independent director; Li Guomin, independent director. Announcement • Dec 31
Shenzhen Hemei Group Co.,LTD. to Report Fiscal Year 2025 Results on Apr 20, 2026 Shenzhen Hemei Group Co.,LTD. announced that they will report fiscal year 2025 results on Apr 20, 2026 New Risk • Nov 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% 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: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.048 (vs CN¥0.008 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.048 (up from CN¥0.008 loss in 3Q 2024). Revenue: CN¥138.5m (up 53% from 3Q 2024). Net income: CN¥61.7m (up CN¥71.9m from 3Q 2024). Profit margin: 45% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shenzhen Hemei Group Co.,LTD. to Report Q3, 2025 Results on Oct 24, 2025 Shenzhen Hemei Group Co.,LTD. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: CN¥0.003 loss per share (vs CN¥0.012 loss in 2Q 2024) Second quarter 2025 results: CN¥0.003 loss per share (improved from CN¥0.012 loss in 2Q 2024). Revenue: CN¥146.5m (up 387% from 2Q 2024). Net loss: CN¥4.37m (loss narrowed 73% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. New Risk • Jul 13
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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥165m free cash flow). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Jul 02
Shenzhen Hemei Group Co.,LTD. to Report First Half, 2025 Results on Aug 15, 2025 Shenzhen Hemei Group Co.,LTD. announced that they will report first half, 2025 results on Aug 15, 2025 New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥165m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 29
Full year 2024 earnings released: CN¥0.033 loss per share (vs CN¥0.036 loss in FY 2023) Full year 2024 results: CN¥0.033 loss per share (improved from CN¥0.036 loss in FY 2023). Revenue: CN¥406.6m (up 146% from FY 2023). Net loss: CN¥43.7m (loss narrowed 7.5% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 19, 2025 Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 19, 2025, at 15:00 China Standard Time. Announcement • Mar 31
Shenzhen Hemei Group Co.,LTD. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Hemei Group Co.,LTD. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Jan 10
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 9.3% 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 31
Shenzhen Hemei Group Co.,LTD. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenzhen Hemei Group Co.,LTD. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.008 loss per share (vs CN¥0.004 loss in 3Q 2023) Third quarter 2024 results: CN¥0.008 loss per share (further deteriorated from CN¥0.004 loss in 3Q 2023). Revenue: CN¥90.3m (up 161% from 3Q 2023). Net loss: CN¥10.2m (loss widened 72% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shenzhen Hemei Group Co.,LTD. to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen Hemei Group Co.,LTD. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.012 loss per share (vs CN¥0.006 loss in 2Q 2023) Second quarter 2024 results: CN¥0.012 loss per share (further deteriorated from CN¥0.006 loss in 2Q 2023). Revenue: CN¥30.1m (down 22% from 2Q 2023). Net loss: CN¥16.2m (loss widened 116% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% 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
Shenzhen Hemei Group Co.,LTD. to Report First Half, 2024 Results on Aug 31, 2024 Shenzhen Hemei Group Co.,LTD. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • Jun 13
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. This is currently the only risk that has been identified for the company. Announcement • Mar 30
Shenzhen Hemei Group Co.,LTD. to Report Q1, 2024 Results on Apr 27, 2024 Shenzhen Hemei Group Co.,LTD. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: CN¥0.036 loss per share (vs CN¥0.047 loss in FY 2022) Full year 2023 results: CN¥0.036 loss per share (improved from CN¥0.047 loss in FY 2022). Revenue: CN¥165.0m (up 1.6% from FY 2022). Net loss: CN¥47.2m (loss narrowed 24% from FY 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 29
Shenzhen Hemei Group Co.,LTD., Annual General Meeting, Apr 22, 2024 Shenzhen Hemei Group Co.,LTD., Annual General Meeting, Apr 22, 2024, at 15:00 China Standard Time. Location: Tower T7, No. 1, Shenzhen Bay, No. 3008, Zhongxin Road, Nanshan District, Shenzhen, Guangdong China Announcement • Dec 29
Shenzhen Hemei Group Co.,LTD. to Report Fiscal Year 2023 Results on Mar 29, 2024 Shenzhen Hemei Group Co.,LTD. announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.013 loss in 3Q 2022) Third quarter 2023 results: CN¥0.004 loss per share (improved from CN¥0.013 loss in 3Q 2022). Revenue: CN¥34.7m (down 3.3% from 3Q 2022). Net loss: CN¥5.91m (loss narrowed 66% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.018 loss in 2Q 2022) Second quarter 2023 results: CN¥0.006 loss per share (improved from CN¥0.018 loss in 2Q 2022). Revenue: CN¥38.6m (up 2.5% from 2Q 2022). Net loss: CN¥7.48m (loss narrowed 68% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. New Risk • Aug 10
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 8.2% 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. This is currently the only risk that has been identified for the company. New Risk • Jul 06
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. This is currently the only risk that has been identified for the company. Announcement • May 06
Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 22, 2023 Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 22, 2023, at 15:00 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 internal control self-evaluation report; to consider 2022 annual report and its summary; to consider 2022 annual accounts; and to transact such other business matter. Announcement • Jan 06
Shenzhen Hemei Group Co.,Ltd. Announces Board Appointments Shenzhen Hemei Group Co.,LTD. held its 1st Extraordinary General Meeting of 2023 on 04 January 2023 approved the appointment of Zheng Ziwei, Zheng Zihao, Xu Ming, Ma Xiaolong, Fan Zhuo and Li Haigang as non-independent directors. Li Yumin, Zhao Yixi and Zhou Liangliang as independent directors. Zhang Hongtao and Feng Mengqi as supervisors. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Zewen Jiang is the most experienced director on the board, commencing their role in 2020. 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 2022 earnings released: CN¥0.013 loss per share (vs CN¥0.13 loss in 3Q 2021) Third quarter 2022 results: CN¥0.013 loss per share (improved from CN¥0.13 loss in 3Q 2021). Revenue: CN¥36.6m (down 42% from 3Q 2021). Net loss: CN¥17.4m (loss narrowed 74% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.088 loss in 2Q 2021) Second quarter 2022 results: CN¥0.018 loss per share (up from CN¥0.088 loss in 2Q 2021). Revenue: CN¥37.6m (down 54% from 2Q 2021). Net loss: CN¥23.4m (loss narrowed 50% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.12, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 135% over the past three years. Announcement • May 07
Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 20, 2022 Shenzhen Hemei Group Co.,LTD., Annual General Meeting, May 20, 2022, at 15:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee ; to consider 2021 internal control self-evaluation report; to consider 2021 annual report and its summary;to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2022 estimated continuing connected transactions and to consider Reappointment of audit firm. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.003 loss per share (vs CN¥0.15 loss in 1Q 2021) First quarter 2022 results: CN¥0.003 loss per share (up from CN¥0.15 loss in 1Q 2021). Revenue: CN¥53.0m (down 49% from 1Q 2021). Net loss: CN¥3.44m (loss narrowed 96% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Zewen Jiang is the most experienced director on the board, commencing their role in 2020. 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: CN¥0.13 loss per share (vs CN¥0.12 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¥63.4m (down 46% from 3Q 2020). Net loss: CN¥67.4m (loss widened 11% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.088 loss per share (vs CN¥0.012 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥81.7m (down 26% from 2Q 2020). Net loss: CN¥46.4m (loss widened CN¥40.3m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
First quarter 2021 earnings released: CN¥0.15 loss per share (vs CN¥0.16 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥104.0m (up 33% from 1Q 2020). Net loss: CN¥79.4m (loss narrowed 7.0% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥0.93 loss per share (vs CN¥3.56 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥466.5m (down 45% from FY 2019). Net loss: CN¥492.7m (loss narrowed 74% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 24
New 90-day high: CN¥1.31 The company is up 5.0% from its price of CN¥1.25 on 26 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is flat over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥1.03 The company is down 17% from its price of CN¥1.24 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥1.05 The company is down 16% from its price of CN¥1.25 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥1.61b, with losses narrowing by 11% from the prior year. Total revenue was CN¥487.5m over the last 12 months, down 51% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥1.17 The company is down 10.0% from its price of CN¥1.30 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Announcement • Oct 01
Shenzhen Hemei Group Co., Ltd. (SZSE:002356) signed an agreement to acquire Hero Entertainment Co., Ltd. Shenzhen Hemei Group Co., Ltd. (SZSE:002356) signed an agreement to acquire Hero Entertainment Co., Ltd. on March 1, 2019. Under the terms, Shenzhen Hemei Group Co., Ltd. will issue A shares to all shareholders of Hero Entertainment Co., Ltd. to merge Hero Entertainment Co., Ltd. through absorption. Shenzhen Hemei Group Co., Ltd. will be the merging party while Hero Entertainment Co., Ltd. is the party to be absorbed and merged. After completion of the transaction, Hero Entertainment Co., Ltd. shall cease to exist and Shenzhen Hemei Group Co., Ltd. shall be the surviving entity. All shareholders of Hero Entertainment Co., Ltd. will become the shareholders of Shenzhen Hemei Group Co., Ltd.
The transaction is subject to signing supplementary agreement and fulfilling related procedures after the completion of relevant asset audit and appraisal works of this transaction, Shenzhen Hemei Group Co., Ltd. convenes another directorate to examine the transaction, approval of Shenzhen Hemei Group Co., Ltd's shareholders, Hero Entertainment Co., Ltd. convenes another directorate to approve the transaction, approval of Hero Entertainment Co., Ltd's shareholders and approval of China Securities Regulatory Commission. The transaction was approved by the Board of Directors of Shenzhen Hemei Group Co., Ltd. and Hero Entertainment Co., Ltd. on March 1, 2019. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥1.22 The company is down 13% from its price of CN¥1.40 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Announcement • Aug 14
Shenzhen Hemei Group Co.,LTD. to Report First Half, 2020 Results on Aug 31, 2020 Shenzhen Hemei Group Co.,LTD. announced that they will report first half, 2020 results on Aug 31, 2020 
