New Risk • May 01
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Reported Earnings • May 01
First quarter 2026 earnings released: CN¥0.02 loss per share (vs CN¥0.07 profit in 1Q 2025) First quarter 2026 results: CN¥0.02 loss per share (down from CN¥0.07 profit in 1Q 2025). Revenue: CN¥1.76b (down 14% from 1Q 2025). Net loss: CN¥22.7m (down 121% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.11 in FY 2024) Full year 2025 results: EPS: CN¥0.06 (down from CN¥0.11 in FY 2024). Revenue: CN¥8.35b (up 8.4% from FY 2024). Net income: CN¥85.5m (down 46% from FY 2024). Profit margin: 1.0% (down from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Ankündigung • Mar 31
Zhewen Interactive Group Co., Ltd., Annual General Meeting, Apr 21, 2026 Zhewen Interactive Group Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:00 China Standard Time. Location: 17F, Zhejiang Culture Building, Gongshu District, Hangzhou, Zhejiang China Ankündigung • Mar 30
Zhewen Interactive Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Zhewen Interactive Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Jan 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Ankündigung • Dec 26
Zhewen Interactive Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Zhewen Interactive Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.08 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.01 (down from CN¥0.08 in 3Q 2024). Revenue: CN¥1.89b (up 4.3% from 3Q 2024). Net income: CN¥14.9m (down 84% from 3Q 2024). Profit margin: 0.8% (down from 5.3% in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Ankündigung • Sep 30
Zhewen Interactive Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.34, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 29x in the Media industry in China. Total returns to shareholders of 60% over the past three years. Ankündigung • Jun 30
Zhewen Interactive Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.40, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 18x in the Media industry in China. Total returns to shareholders of 73% over the past three years. Reported Earnings • Apr 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.11 (down from CN¥0.14 in FY 2023). Revenue: CN¥7.70b (down 29% from FY 2023). Net income: CN¥157.8m (down 18% from FY 2023). Profit margin: 2.0% (up from 1.8% in FY 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Ankündigung • Apr 14
Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 07, 2025 Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 07, 2025, at 14:00 China Standard Time. Location: Building F1, Phase II, No. 8, Gaojing Cultural Park Road, Gaobeidian Township, Chaoyang District, Beijing China Ankündigung • Mar 28
Zhewen Interactive Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.71, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 23x in the Media industry in China. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥9.79, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 27x in the Media industry in China. Total returns to shareholders of 71% over the past three years. New Risk • Feb 14
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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥8.13, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 25x in the Media industry in China. Total returns to shareholders of 23% over the past three years. 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Ankündigung • Dec 27
Zhewen Interactive Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Zhewen Interactive Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥6.59, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 29x in the Media industry in China. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥6.98, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 53x in the Media industry in China. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.02, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Media industry in China. Total returns to shareholders of 27% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.045 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.045 in 3Q 2023). Revenue: CN¥1.81b (down 28% from 3Q 2023). Net income: CN¥95.4m (up 120% from 3Q 2023). Profit margin: 5.3% (up from 1.7% in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Ankündigung • Sep 30
Zhewen Interactive Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥5.12, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Media industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.021 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.02. Revenue: CN¥1.75b (down 40% from 2Q 2023). Net income: CN¥36.8m (up 12% from 2Q 2023). Profit margin: 2.1% (up from 1.1% in 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Media industry in China. Ankündigung • Jun 28
Zhewen Interactive Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xiaogang Jin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 21
Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 10, 2024 Zhewen Interactive Group Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.06 in FY 2022). Revenue: CN¥10.8b (down 27% from FY 2022). Net income: CN¥192.2m (up 138% from FY 2022). Profit margin: 1.8% (up from 0.5% in FY 2022). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Ankündigung • Mar 29
Zhewen Interactive Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Feb 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). 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 6.1% 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 (6.1% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Ankündigung • Dec 29
Zhewen Interactive Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Zhewen Interactive Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Nov 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.038 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.045. Revenue: CN¥2.52b (down 31% from 3Q 2022). Net income: CN¥43.4m (down 29% from 3Q 2022). Profit margin: 1.7% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.021 (vs CN¥0.021 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.021 (in line with 2Q 2022). Revenue: CN¥2.93b (down 20% from 2Q 2022). Net income: CN¥32.8m (up 14% from 2Q 2022). Profit margin: 1.1% (up from 0.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (in line with 1Q 2022). Revenue: CN¥2.80b (down 32% from 1Q 2022). Net income: CN¥38.4m (up 8.4% from 1Q 2022). Profit margin: 1.4% (up from 0.9% in 1Q 2022). The increase in margin was driven by lower expenses. 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 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Media industry in China. Total returns to shareholders of 76% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 8 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: 8 new directors. No experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Deputy GM, Financial Director, CFO & Director Qiao Lan Wang is the most experienced director on the board, commencing their role in 2012. Independent Director Jianwen Liao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.06 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.06 in 3Q 2021). Revenue: CN¥3.63b (down 9.3% from 3Q 2021). Net income: CN¥61.1m (down 21% from 3Q 2021). Profit margin: 1.7% (down from 1.9% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.25, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 68% over the past three years. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: CN¥0.021 (vs CN¥0.058 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.021 (down from CN¥0.058 in 2Q 2021). Revenue: CN¥3.66b (down 7.8% from 2Q 2021). Net income: CN¥28.9m (down 66% from 2Q 2021). Profit margin: 0.8% (down from 2.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 10% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.04, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 47% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.04 in 1Q 2021). Revenue: CN¥4.08b (up 45% from 1Q 2021). Net income: CN¥35.4m (down 26% from 1Q 2021). Profit margin: 0.9% (down from 1.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 4.3%, compared to a 10% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 2 highly experienced directors. CFO & Director Qiao Lan Wang is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥5.79, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Media industry in China. Total loss to shareholders of 3.9% over the past three years. Reported Earnings • Apr 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.22 (up from CN¥0.07 in FY 2020). Revenue: CN¥14.3b (up 54% from FY 2020). Net income: CN¥294.4m (up 212% from FY 2020). Profit margin: 2.1% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥6.38, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Media industry in China. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥6.90, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 34x in the Media industry in China. Total returns to shareholders of 68% over the past three years. Ankündigung • Dec 30
Zhewen Interactive Group Co., Ltd. announced that it expects to receive CNY 800 million in funding from Hangzhou Bowen Equity Investment Co., Ltd. Zhewen Interactive Group Co., Ltd. announced a private placement of not more than CNY 800,000,000 on December 29, 2021. The transaction will include participation from Hangzhou Bowen Equity Investment Co., Ltd. The offering price is CNY 4.85 per share, which is not less than 80% of the average price of the company’s stock trading on the 20 trading days before the pricing base date. The company will not issue more than 164,948,453 shares, accounting for no more than 12.47% of the company's total share capital before the non-public issuance, and no more than 30% of the company's total share capital before the non-public issuance. The shares subscribed by investor shall not be transferred within 18 months from the date of the end of the offering. The transaction has been deliberated and approved at the first meeting of the company's tenth board of directors, is subject to approval of competent state-owned assets authorities, company's shareholders meeting, and China Securities Regulatory Commission. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.66, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 31x in the Media industry in China. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥5.36, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 28x in the Media industry in China. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥5.36, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 28x in the Media industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.04 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥4.00b (up 70% from 3Q 2020). Net income: CN¥77.1m (up 66% from 3Q 2020). Profit margin: 1.9% (down from 2.0% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS CN¥0.058 (vs CN¥0.035 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.97b (up 74% from 2Q 2020). Net income: CN¥85.5m (up 120% from 2Q 2020). Profit margin: 2.2% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.01 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.81b (up 25% from 1Q 2020). Net income: CN¥47.8m (up 185% from 1Q 2020). Profit margin: 1.7% (up from 0.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.07 (vs CN¥1.89 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥9.26b (down 51% from FY 2019). Net income: CN¥94.4m (up CN¥2.60b from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 09
Zhewen Interactive Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Zhewen Interactive Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Ankündigung • Jan 28
Zhewen Interactive Group Co., Ltd.(XSSC:600986) dropped from S&P Global BMI Index Keda Group Co., Ltd.(XSSC:600986) dropped from S&P Global BMI Index Is New 90 Day High Low • Jan 25
New 90-day low: CN¥4.05 The company is down 21% from its price of CN¥5.10 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥4.39 The company is down 13% from its price of CN¥5.04 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥4.79 The company is down 5.0% from its price of CN¥5.06 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 6.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥2.53b, with losses widening by CN¥2.44b from the prior year. Total revenue was CN¥11.6b over the last 12 months, down 35% from the prior year. Ankündigung • Oct 27
Keda Group Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Keda Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Ankündigung • Sep 22
Keda Group Co., Ltd. announced that it expects to receive CNY 1.499999999 billion in funding from Hangzhou Zhewen Hulian Enterprise Management Partnership Enterprise (Limited Partnership) Keda Group Co., Ltd. (SHSE:600986) announced that it has entered into an share subscription agreement with new investor Hangzhou Zhewen Hulian Enterprise Management Partnership Enterprise (Limited Partnership) for private placement of 373,134,328 shares at CNY 4.02 per share for gross proceeds of not more than CNY 1,499,999,999 on September 20, 2020. The investor will acquire 20.65% stake in the company. The registered capital of the company will increase to 1,697,686,689 shares. The transaction has been approved at the 9th extraordinary directorate meeting and at the 9th extraordinary supervisory board meeting of the company and approved at the management committee meeting of the investor. The transaction is subject to approval from the shareholders of the company and from China Securities Regulatory Commission. All the shares issued in the transaction cannot be transferred within 18 months from the issuance closing date.