New Risk • May 08
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 8.0% 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. Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.067 loss per share (vs CN¥0.003 profit in FY 2024) Full year 2025 results: CN¥0.067 loss per share (down from CN¥0.003 profit in FY 2024). Revenue: CN¥88.1m (down 71% from FY 2024). Net loss: CN¥145.6m (down CN¥151.3m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 29
Fujian Start Group Co.Ltd, Annual General Meeting, May 19, 2026 Fujian Start Group Co.Ltd, Annual General Meeting, May 19, 2026, at 15:00 China Standard Time. Location: 2F, Building D6, No. 43, Duwu, Jingxi Town, Minhou County, Fuzhou, Fujian China Ankündigung • Mar 30
Fujian Start Group Co.Ltd to Report Q1, 2026 Results on Apr 25, 2026 Fujian Start Group Co.Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Ankündigung • Dec 26
Fujian Start Group Co.Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Fujian Start Group Co.Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Nov 25
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 7.9% 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. Board Change • Nov 08
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jianxuan Tong was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.015 loss per share (vs CN¥0.007 loss in 3Q 2024) Third quarter 2025 results: CN¥0.015 loss per share (further deteriorated from CN¥0.007 loss in 3Q 2024). Revenue: CN¥28.6m (down 5.0% from 3Q 2024). Net loss: CN¥32.1m (loss widened 117% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 30
Fujian Start Group Co.Ltd to Report Q3, 2025 Results on Oct 28, 2025 Fujian Start Group Co.Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Ankündigung • Jun 30
Fujian Start Group Co.Ltd to Report First Half, 2025 Results on Aug 30, 2025 Fujian Start Group Co.Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Board Change • May 12
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 Ping Xu 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. Reported Earnings • Apr 16
First quarter 2025 earnings released: CN¥0.009 loss per share (vs CN¥0.006 loss in 1Q 2024) First quarter 2025 results: CN¥0.009 loss per share (further deteriorated from CN¥0.006 loss in 1Q 2024). Revenue: CN¥41.5m (up CN¥37.2m from 1Q 2024). Net loss: CN¥19.6m (loss widened 45% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 16
Fujian Start Group Co.Ltd, Annual General Meeting, May 08, 2025 Fujian Start Group Co.Ltd, Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: 2F, Building D6, No. 43, Duwu, Jingxi Town, Minhou County, Fuzhou, Fujian China Ankündigung • Mar 28
Fujian Start Group Co.Ltd to Report Q1, 2025 Results on Apr 16, 2025 Fujian Start Group Co.Ltd announced that they will report Q1, 2025 results on Apr 16, 2025 New Risk • Mar 03
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 8.5% 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 High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Ankündigung • Dec 27
Fujian Start Group Co.Ltd to Report Fiscal Year 2024 Results on Apr 16, 2025 Fujian Start Group Co.Ltd announced that they will report fiscal year 2024 results on Apr 16, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.007 loss per share (vs CN¥0.002 loss in 3Q 2023) Third quarter 2024 results: CN¥0.007 loss per share (further deteriorated from CN¥0.002 loss in 3Q 2023). Revenue: CN¥30.2m (down 74% from 3Q 2023). Net loss: CN¥14.8m (loss widened 227% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Ankündigung • Sep 30
Fujian Start Group Co.Ltd to Report Q3, 2024 Results on Oct 31, 2024 Fujian Start Group Co.Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.006 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.006 in 2Q 2023). Revenue: CN¥29.1m (down 49% from 2Q 2023). Net income: CN¥64.9m (up 414% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. New Risk • Jul 29
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 7.2% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Ankündigung • Jun 28
Fujian Start Group Co.Ltd to Report First Half, 2024 Results on Aug 29, 2024 Fujian Start Group Co.Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Ankündigung • Jun 19
Fujian Chuangxiang Zhihai Investment Co., Ltd. completed the acquisition of Fuzhou Zhisheng Commercial Management Co., Ltd. from Fujian Start Group Co.Ltd (SHSE:600734). Fujian Chuangxiang Zhihai Investment Co., Ltd. signed equity transfer contract to acquire Fuzhou Zhisheng Commercial Management Co., Ltd. from Fujian Start Group Co.Ltd (SHSE:600734) for approximately CNY 120 million on March 15, 2024. The transaction has been approved by board of Fujian Start Group.Fujian Chuangxiang Zhihai Investment Co., Ltd. completed the acquisition of Fuzhou Zhisheng Commercial Management Co., Ltd. from Fujian Start Group Co.Ltd (SHSE:600734) on June 17, 2024. New Risk • May 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 170% 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. Ankündigung • Apr 21
Fujian Start Group Co.Ltd, Annual General Meeting, May 24, 2024 Fujian Start Group Co.Ltd, Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China New Risk • Apr 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% 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. Ankündigung • Mar 29
Fujian Start Group Co.Ltd to Report Q1, 2024 Results on Apr 27, 2024 Fujian Start Group Co.Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Ankündigung • Dec 30
Fujian Start Group Co.Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024 Fujian Start Group Co.Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.002 loss per share (vs CN¥0.004 profit in 3Q 2022) Third quarter 2023 results: CN¥0.002 loss per share (down from CN¥0.004 profit in 3Q 2022). Revenue: CN¥114.9m (up 40% from 3Q 2022). Net loss: CN¥4.52m (down 156% from profit in 3Q 2022). 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 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.045 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.006 (up from CN¥0.045 loss in 2Q 2022). Revenue: CN¥57.0m (down 40% from 2Q 2022). Net income: CN¥12.6m (up CN¥111.5m from 2Q 2022). Profit margin: 22% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.013 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.005 (up from CN¥0.013 loss in 1Q 2022). Revenue: CN¥35.8m (up CN¥32.3m from 1Q 2022). Net income: CN¥10.3m (up CN¥25.1m from 1Q 2022). Profit margin: 29% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥4.25, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 38x in the Tech industry in China. Total loss to shareholders of 40% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Jinliang Cai was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.036 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.036 loss in 3Q 2021). Revenue: CN¥84.8m (down 63% from 3Q 2021). Net income: CN¥25.7m (up CN¥48.2m from 3Q 2021). Profit margin: 30% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2022 earnings released: CN¥0.045 loss per share (vs CN¥0.23 loss in 2Q 2021) Second quarter 2022 results: CN¥0.045 loss per share (up from CN¥0.23 loss in 2Q 2021). Revenue: CN¥94.8m (down 60% from 2Q 2021). Net loss: CN¥98.9m (loss narrowed 30% from 2Q 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 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.16, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 47x in the Tech industry in China. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.15, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 41x in the Tech industry in China. Total loss to shareholders of 48% over the past three years. Board Change • May 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Jinliang Cai was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2021 earnings released: CN¥0.036 loss per share (vs CN¥0.23 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥225.8m (down 49% from 3Q 2020). Net loss: CN¥22.5m (loss narrowed 85% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.23 loss per share (vs CN¥0.24 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: CN¥238.0m (down 20% from 2Q 2020). Net loss: CN¥140.7m (loss narrowed 6.3% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
Full year 2020 earnings released: CN¥0.95 loss per share (vs CN¥4.89 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¥1.15b (down 26% from FY 2019). Net loss: CN¥591.1m (loss narrowed 81% from FY 2019). Is New 90 Day High Low • Mar 02
New 90-day high: CN¥1.72 The company is up 9.0% from its price of CN¥1.58 on 02 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥0.96 The company is down 38% from its price of CN¥1.54 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: CN¥1.18 The company is down 27% from its price of CN¥1.62 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥1.44 The company is down 23% from its price of CN¥1.87 on 16 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 Tech industry, which is down 2.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥3.13b, with losses widening by 349% from the prior year. Total revenue was CN¥353.0m over the last 12 months, down 93% from the prior year. Ankündigung • Oct 30
Fujian Start Group Co.Ltd to Report Q3, 2020 Results on Oct 31, 2020 Fujian Start Group Co.Ltd announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 22
New 90-day low: CN¥1.56 The company is down 18% from its price of CN¥1.91 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 10.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥1.83 The company is down 25% from its price of CN¥2.44 on 24 June 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 4.0% over the same period. Ankündigung • Jul 17
Fujian Start Group Co.Ltd to Report First Half, 2020 Results on Aug 29, 2020 Fujian Start Group Co.Ltd announced that they will report first half, 2020 results on Aug 29, 2020 Ankündigung • Jun 16
Fujian Start Group Co.Ltd Announces Change of Accounting Policy Fujian Start Group Co.Ltd announced change of accounting policy.