New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 35% 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. Ankündigung • Apr 24
Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2026 Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: 15F, Building 1, Yard No. 17, Guangqu Road, Chaoyang District, Beijing China Ankündigung • Mar 31
Mega-info Media Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Mega-info Media Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Ankündigung • Dec 31
Mega-info Media Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Mega-info Media Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Ankündigung • Sep 30
Mega-info Media Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Mega-info Media Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Ankündigung • Sep 09
Mega-Info Media Co.,Ltd. Approves Directorate Changes Mega-info Media Co.,Ltd. approved Election of independent directors, cumulative voting system applicable: Chen Wenming, independent director, Wang Jianxin, independent director, Gao Yubin, independent director. Ankündigung • Jul 02
Mega-info Media Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Mega-info Media Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Ankündigung • May 20
Mega-info Media Co.,Ltd. (SZSE:301102) announces an Equity Buyback for CNY 200 million worth of its shares. Mega-info Media Co.,Ltd. (SZSE:301102) announces a share repurchase program. Under the program, the company will repurchase shares for a total value of CNY 200 million worth of its A shares. The shares will be repurchased at a price of CNY 14.80 per share. The shares repurchased will be used for employee stock ownership plans or equity incentives. The company will use its own funds to repurchase its shares. The program will be valid for a period of 12 months. Ankündigung • Apr 25
Mega-info Media Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Mega-info Media Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.20000000 for the year 2024. Ankündigung • Apr 24
Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2025 Mega-info Media Co.,Ltd., Annual General Meeting, May 21, 2025, at 14:30 China Standard Time. Location: 15F, Building 1, Yard No. 17, Guangqu Road, Chaoyang District, Beijing China Ankündigung • Mar 31
Mega-info Media Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Mega-info Media Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Ankündigung • Dec 31
Mega-info Media Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Mega-info Media Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥12.79, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Media industry in China. Total loss to shareholders of 9.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.98 per share. New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: 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. Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.065 (down from CN¥0.13 in 3Q 2023). Revenue: CN¥184.0m (up 3.3% from 3Q 2023). Net income: CN¥26.3m (down 49% from 3Q 2023). Profit margin: 14% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Media industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥9.79, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Media industry in China. Total loss to shareholders of 28% over the past year. Ankündigung • Sep 30
Mega-info Media Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Mega-info Media Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.99, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 37% over the past year. New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: 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. Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.014 (vs CN¥0.015 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.014 (down from CN¥0.015 in 2Q 2023). Revenue: CN¥143.6m (up 38% from 2Q 2023). Net income: CN¥2.48m (down 58% from 2Q 2023). Profit margin: 1.7% (down from 5.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Media industry in China. Ankündigung • Jul 20
366 Mobile Internet Technology Co., Ltd. completed the acquisition of 75% stake in Mega-info Media Co.,Ltd. (SZSE:301102) from Luenmei Quantum Co.,Ltd (SHSE:600167) and Shenyang Huaxin Luenmei Asset Management Co., Ltd. for CNY 2.3 billion. 366 Mobile Internet Technology Co., Ltd. signed Share Transfer Agreement to acquire 75% stake in Mega-info Media Co.,Ltd. (SZSE:301102) from Luenmei Quantum Co.,Ltd (SHSE:600167) and Shenyang Huaxin Luenmei Asset Management Co., Ltd. for CNY 2.3 billion on May 27, 2024. A cash consideration of CNY 2.29 billion will be paid by 366 Mobile Internet Technology Co., Ltd. As part of consideration, CNY 2.29 billion is paid towards common equity of Mega-info Media Co.,Ltd.
366 Mobile Internet Technology Co., Ltd. completed the acquisition of 75% stake in Mega-info Media Co.,Ltd. (SZSE:301102) from Luenmei Quantum Co.,Ltd (SHSE:600167) and Shenyang Huaxin Luenmei Asset Management Co., Ltd. on July 18, 2024. Ankündigung • Jun 29
Mega-info Media Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Mega-info Media Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Ankündigung • May 26
Mega-info Media Co.,Ltd. Approves Cash Dividend for 2023 Mega-info Media Co.,Ltd. at its Annual General Meeting of 2023 on 23 May 2024 approved Cash dividend/10 shares (tax included): CNY 1.40000000 for 2023. Ankündigung • Apr 24
Mega-info Media Co.,Ltd., Annual General Meeting, May 23, 2024 Mega-info Media Co.,Ltd., Annual General Meeting, May 23, 2024, at 14:30 China Standard Time. Location: 15F, Building 1, Yard No. 17, Guangqu Road, Chaoyang District, Beijing China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.22 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.22 in 1Q 2023). Revenue: CN¥177.3m (up 18% from 1Q 2023). Net income: CN¥38.4m (down 39% from 1Q 2023). Profit margin: 22% (down from 42% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Media industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥11.69, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Media industry in China. Total loss to shareholders of 53% over the past year. Ankündigung • Mar 30
Mega-info Media Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Mega-info Media Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 New Risk • Feb 05
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 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 (6.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥13.33, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Media industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.41 per share. Ankündigung • Dec 29
Mega-info Media Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Mega-info Media Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.22 in 3Q 2022). Revenue: CN¥178.1m (up 15% from 3Q 2022). Net income: CN¥51.6m (down 18% from 3Q 2022). Profit margin: 29% (down from 41% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.026 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.026 in 2Q 2022). Revenue: CN¥104.1m (up 8.5% from 2Q 2022). Net income: CN¥5.92m (down 22% from 2Q 2022). Profit margin: 5.7% (down from 7.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. New Risk • Jul 27
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 8.7% 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 (8.7% average weekly change). Minor Risk Short dividend paying track record (1 year of continuous dividend payments). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥23.71, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Media industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.95 per share. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥43.22, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Media industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.27 per share. Reported Earnings • Apr 24
First quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.40 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.32. Revenue: CN¥151.0m (down 9.9% from 1Q 2022). Net income: CN¥63.0m (up 5.2% from 1Q 2022). Profit margin: 42% (up from 36% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Media industry in China. Board Change • Mar 14
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 4 highly experienced directors. Non-Independent Chairman Zhuangqiang Su is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 