Ankündigung • Jun 30
Bohai Ferry Group Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Bohai Ferry Group Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Board Change • May 20
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. 6 non-independent directors. Independent Director Qi Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 25
Bohai Ferry Group Co., Ltd., Annual General Meeting, May 18, 2026 Bohai Ferry Group Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Ankündigung • Mar 30
Bohai Ferry Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Bohai Ferry Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Ankündigung • Dec 26
Bohai Ferry Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 09, 2026 Bohai Ferry Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 09, 2026 Ankündigung • Sep 30
Bohai Ferry Group Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Bohai Ferry Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Ankündigung • Jun 30
Bohai Ferry Group Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Bohai Ferry Group Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Ankündigung • Apr 03
Bohai Ferry Group Co., Ltd., Annual General Meeting, Jun 12, 2025 Bohai Ferry Group Co., Ltd., Annual General Meeting, Jun 12, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Ankündigung • Mar 28
Bohai Ferry Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Bohai Ferry Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Ankündigung • Dec 27
Bohai Ferry Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 09, 2025 Bohai Ferry Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 09, 2025 New Risk • Oct 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% 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 Dividend is not well covered by earnings (127% payout ratio). Large one-off items impacting financial results. Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.33 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.34 (up from CN¥0.33 in 3Q 2023). Revenue: CN¥646.3m (up 1.4% from 3Q 2023). Net income: CN¥152.5m (up 1.1% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Shipping industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.33, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Shipping industry in China. Total returns to shareholders of 15% over the past three years. Ankündigung • Sep 30
Bohai Ferry Group Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Bohai Ferry Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Sep 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.07 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.07 in 2Q 2023). Revenue: CN¥419.7m (up 2.4% from 2Q 2023). Net income: CN¥38.0m (up 12% from 2Q 2023). Profit margin: 9.0% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Shipping industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 01
Now 17% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥8.39. The fair value is estimated to be CN¥10.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.7%. Revenue is forecast to grow by 1.9% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Ankündigung • Jun 28
Bohai Ferry Group Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Bohai Ferry Group Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Buy Or Sell Opportunity • Jun 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CN¥8.04. The fair value is estimated to be CN¥10.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.7%. Revenue is forecast to grow by 1.9% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.35 in FY 2022) Full year 2023 results: EPS: CN¥0.53 (up from CN¥0.35 in FY 2022). Revenue: CN¥1.84b (up 41% from FY 2022). Net income: CN¥250.4m (up 54% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Ankündigung • Apr 10
Bohai Ferry Group Co., Ltd., Annual General Meeting, May 10, 2024 Bohai Ferry Group Co., Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.72, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 18x in the Shipping industry in China. Total returns to shareholders of 18% over the past three years. Ankündigung • Mar 29
Bohai Ferry Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Bohai Ferry Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Ankündigung • Mar 27
Liaoning Transportation Investment CO.,LTD. completed the acquisition of 14% stake in Bohai Ferry Group Co., Ltd. (SHSE:603167) from Liaoyu Group Co.,Ltd. for CNY 620 million. Liaoning Transportation Investment CO.,LTD. entered into share transfer agreement to acquire 14% stake in Bohai Ferry Group Co., Ltd. (SHSE:603167) from Liaoyu Group Co.,Ltd. on March 4, 2024. Liaoyu will transfer 65.7 million shares of Bohai. The transaction is conditional on the approval by the State-owned Assets Supervision and Administration Commission of Liaoning Province. As on March 6, 2024, the transaction is still subject to compliance confirmation of the Shanghai Stock Exchange.Liaoning Transportation Investment CO.,LTD. completed the acquisition of 14% stake in Bohai Ferry Group Co., Ltd. (SHSE:603167) from Liaoyu Group Co.,Ltd. for CNY 620 million on March 25, 2024. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.40, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 15x in the Shipping industry in China. Total returns to shareholders of 5.8% over the past three years. Ankündigung • Dec 29
Bohai Ferry Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 10, 2024 Bohai Ferry Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 10, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.09 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.09 in 3Q 2022). Revenue: CN¥637.7m (up 78% from 3Q 2022). Net income: CN¥150.9m (up 259% from 3Q 2022). Profit margin: 24% (up from 12% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Ankündigung • Sep 30
Bohai Ferry Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Bohai Ferry Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.09 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.09 in 2Q 2022). Revenue: CN¥410.0m (up 21% from 2Q 2022). Net income: CN¥33.8m (down 15% from 2Q 2022). Profit margin: 8.3% (down from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Ankündigung • Jun 28
Bohai Ferry Group Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Bohai Ferry Group Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.43 in FY 2021) Full year 2022 results: EPS: CN¥0.35 (down from CN¥0.43 in FY 2021). Revenue: CN¥1.31b (down 6.7% from FY 2021). Net income: CN¥162.1m (down 20% from FY 2021). Profit margin: 12% (down from 14% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent There are 12 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: 12 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Supervisor Haicheng Zhang is the most experienced director on the board, commencing their role in 2020. Independent Director Hui Li 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 27
Third quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.067 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.067 in 3Q 2021). Revenue: CN¥408.3m (up 27% from 3Q 2021). Net income: CN¥32.8m (up 12% from 3Q 2021). Profit margin: 8.0% (down from 9.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% 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 • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥339.0m (down 12% from 2Q 2021). Net income: CN¥39.8m (down 52% from 2Q 2021). Profit margin: 12% (down from 21% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.08 (vs CN¥0.08 in 1Q 2021). Revenue: CN¥251.4m (down 17% from 1Q 2021). Net income: CN¥38.3m (up 5.3% from 1Q 2021). Profit margin: 15% (up from 12% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. 11 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . 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 • Mar 31
Full year 2021 earnings released: EPS: CN¥0.43 (vs CN¥0.29 in FY 2020) Full year 2021 results: EPS: CN¥0.43 (up from CN¥0.29 in FY 2020). Revenue: CN¥1.40b (up 20% from FY 2020). Net income: CN¥201.5m (up 48% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.067 (vs CN¥0.17 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥321.5m (up 6.9% from 3Q 2020). Net income: CN¥29.3m (down 64% from 3Q 2020). Profit margin: 9.1% (down from 27% 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 29% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.11 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥386.1m (up 32% from 2Q 2020). Net income: CN¥82.4m (up 53% from 2Q 2020). Profit margin: 21% (up from 19% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.87 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.17b (down 30% from FY 2019). Net income: CN¥136.1m (down 67% from FY 2019). Profit margin: 12% (down from 25% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 10
New 90-day high: CN¥9.58 The company is up 7.0% from its price of CN¥8.93 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.88, the stock is trading at a trailing P/E ratio of 28.5x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 46x in the Shipping industry in China. Total return to shareholders over the past three years is a loss of 16%. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥8.14 The company is down 27% from its price of CN¥11.15 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥8.93 The company is down 25% from its price of CN¥11.90 on 11 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 Shipping industry, which is down 5.0% over the same period. Valuation Update With 7 Day Price Move • Nov 24
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥9.99, the stock is trading at a trailing P/E ratio of 32.5x, down from the previous P/E ratio of 39x. This compares to an average P/E of 46x in the Shipping industry in China. Total returns to shareholders over the past three years are 2.7%. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 17% share price gain to CN¥11.43, the stock is trading at a trailing P/E ratio of 36.6x, up from the previous P/E ratio of 31.3x. This compares to an average P/E of 46x in the Shipping industry in China. Total returns to shareholders over the past three years are 15%. 
