Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Jon Liao 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 • Mar 16
China Lilang Limited, Annual General Meeting, Apr 30, 2026 China Lilang Limited, Annual General Meeting, Apr 30, 2026. Ankündigung • Mar 05
China Lilang Limited to Report Fiscal Year 2025 Results on Mar 16, 2026 China Lilang Limited announced that they will report fiscal year 2025 results on Mar 16, 2026 Ankündigung • Aug 02
China Lilang Limited to Report First Half, 2025 Results on Aug 12, 2025 China Lilang Limited announced that they will report first half, 2025 results on Aug 12, 2025 Ankündigung • Mar 06
China Lilang Limited to Report Fiscal Year 2024 Results on Mar 18, 2025 China Lilang Limited announced that they will report fiscal year 2024 results on Mar 18, 2025 Reported Earnings • Aug 16
First half 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.23 in 1H 2023) First half 2024 results: EPS: CN¥0.23 (up from CN¥0.23 in 1H 2023). Revenue: CN¥1.60b (up 7.3% from 1H 2023). Net income: CN¥280.1m (up 3.6% from 1H 2023). Profit margin: 18% (in line with 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Aug 15
First half dividend of HK$0.18 announced Shareholders will receive a dividend of HK$0.18. Ex-date: 3rd September 2024 Payment date: 23rd September 2024 Dividend yield will be 45%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 02
China Lilang Limited to Report First Half, 2024 Results on Aug 13, 2024 China Lilang Limited announced that they will report first half, 2024 results on Aug 13, 2024 Buy Or Sell Opportunity • Jul 16
Now 41% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €0.41. The fair value is estimated to be €0.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 4.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • May 31
Now 34% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to €0.45. The fair value is estimated to be €0.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 4.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Apr 30
Now 32% undervalued Over the last 90 days, the stock has risen 4.7% to €0.49. The fair value is estimated to be €0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 4.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Ankündigung • Mar 26
China Lilang Limited, Annual General Meeting, Apr 30, 2024 China Lilang Limited, Annual General Meeting, Apr 30, 2024, at 10:30 China Standard Time. Location: 24th Floor, Admiralty Centre I, 18 Harcourt Road Hong Kong Hong Kong Agenda: To receive and approve the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors (the "Directors") and auditor (the "Auditor") of the Company for the year ended 31 December 2023; to declare a final dividend of HK13 cents per ordinary share and a special final dividend of HK5 cents per ordinary share for the year ended 31 December 2023; to consider the re-election of the following retiring Directors, each as separate resolution; to authorize the board (the "Board") of Directors to fix the Directors' remuneration; and to consider the re-appointment of KPMG as the Auditor for the year ending 31 December 2024 and to authorize the Board to fix their remuneration. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.37 in FY 2022) Full year 2023 results: EPS: CN¥0.44 (up from CN¥0.37 in FY 2022). Revenue: CN¥3.54b (up 15% from FY 2022). Net income: CN¥530.4m (up 18% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. New Risk • Mar 19
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Risk Earnings have declined by 16% per year over the past 5 years. 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 (6.9% average weekly change). Buy Or Sell Opportunity • Mar 19
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €0.46. The fair value is estimated to be €0.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last year, while earnings per share has been flat. Ankündigung • Mar 06
China Lilang Limited to Report Fiscal Year 2023 Results on Mar 18, 2024 China Lilang Limited announced that they will report fiscal year 2023 results on Mar 18, 2024 Buy Or Sell Opportunity • Feb 28
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 7.8% to €0.50. The fair value is estimated to be €0.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Buy Or Sell Opportunity • Feb 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €0.51. The fair value is estimated to be €0.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Ankündigung • Feb 05
China Lilang Limited Announces Board Changes The board of directors of China Lilang Limited announced the resignation and appointments of the following Directors with effect from 5 February 2024: Mr. Wang Jun Hong ("Mr. Wang JH") has been appointed as an executive Director; Mr. Wang Zhi Yong ("Mr. Wang ZY") has been appointed as an executive Director; Dr. Lu Hong Te ("Dr. Lu") has resigned as an independent non-executive Director and member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee"); Prof. Liao Jianwen ("Prof. Liao") has been appointed as an independent non-executive Director and member of each of the Audit Committee and Nomination Committee; and Prof. Jiang Zhan ("Prof. Jiang") has been appointed as an independent non-executive Director and member of each of the Audit Committee and Nomination Committee. Mr. Wang JH, aged 37, has over 14 years of experience in fashion and design. Since April 2012, Mr. Wang JH has served various positions within the Group. Mr. Wang JH is currently serving as the general manager of Lilang (China) Co. Ltd. ("Lilang China"), where he is responsible for brand management and product development, as well as vice president of the design department of Lilang (Hong Kong) International Co. Ltd. Mr. Wang ZY, aged 38, has over 14 years of experience in fashion sales and marketing. Since June 2009, Mr. Wang ZY has served various positions within the Group, and from March 2018 to November 2019, Mr. Wang ZY was promoted to deputy director of Lilang China, where he was responsible for the management of new retail development in Fujian; from December 2019 to February 2022, he was promoted to general manager of Lilang China's online retail center, where he was responsible for the development and management of online retail for the Group's smart casual collection "LESS IS MORE". He is currently serving as the sales channel director of Lilang China's marketing center. Prof. Liao, aged 56, has extensive research and practical experience in strategic innovation management across both academia and industries. Currently, Prof. Liao holds positions of Executive Fellow of Harvard Business School and Senior Advisor to the chairman of JD.com Inc. (NASDAQ: JD; and HKEx: 9618 (HKD counter) and 89618 (RMB counter)). Since 2012, Prof. Liao served as the Associate Dean of Cheung Kong Graduate School of Business until Prof. Jiang, aged 47, is currently a professor at the Shanghai Advanced Institute of Finance of the Shanghai Jiao Tong University (). Recognised for her research and expertise in corporate finance, valuation, fintech and supply chain finance, she has over 17 years' experience in teaching and academic research. She is a frequent contributor of leading academic journals and a recurring guest speaker. Dr. Lu, due to his personal affairs and other business commitments, has tendered his resignation as an independent non-executive Director and member of each of the Audit Committee and Nomination Committee with effect from 5 February 2024. Ankündigung • Dec 11
China Lilang Limited Announces Board Changes The board of directors of the China Lilang Limited announced the following changes with effect from 11 December 2023: Mr. Wang Dong Xing (Mr. Wang), has been re-designated from an executive director to a non-executive director. He will remain as the chairman of the Board, of the nomination committee and the risk management committee of the Board and an authorized representative of the company. Mr. Wang, aged 63, was appointed as an executive Director on 13 June 2008. Mr. Wang has been with the Group since its establishment in April 1995 and is one of the founders of the Group. He was responsible for the Group's overall business development, strategic planning and corporate management. Mr. Wang has over 30 years of manufacturing and management experience in the menswear industry in the People's Republic of China (the PRC). Mr. Cai Rong Hua (Mr. Cai), has been re-designated from an executive director to a non-executive director. Mr. Cai, aged 55, joined the Group in April 1998 and was appointed as an executive Director on 13 June 2008. He was responsible for product research and development and negotiating with major suppliers of the Group. Mr. Cai has over 20 years of manufacturing and management experience in menswear industry in the PRC. Mr. Hu Cheng Chu (Mr. Hu), has been re-designated from an executive Director to a non-executive Director. Mr. Hu, aged 79, joined the Group in April 1998 and was appointed as an executive Director on 13 June 2008. He was responsible for brand management and public relation of the Group. Mr. Hu is also one of the shareholders of Xiao Sheng International Limited and Ming Lang Investments Limited, which are the controlling shareholders (within the meaning of the Listing Rules) of the company. Upcoming Dividend • Aug 29
Upcoming dividend of HK$0.18 per share at 8.1% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 23
First half 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.21 in 1H 2022) First half 2023 results: EPS: CN¥0.23 (up from CN¥0.21 in 1H 2022). Revenue: CN¥1.49b (up 6.7% from 1H 2022). Net income: CN¥270.5m (up 5.2% from 1H 2022). Profit margin: 18% (in line with 1H 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be €0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Ankündigung • Aug 05
China Lilang Limited to Report First Half, 2023 Results on Aug 16, 2023 China Lilang Limited announced that they will report first half, 2023 results on Aug 16, 2023 Ankündigung • Jun 02
China Lilang Limited Announces Change of Independent Non-Executive Director and Change of Composition of the Board Committees The board of directors of China Lilang Limited announces that, with effect from 1 June 2023, Mr. Nie Xing ("Mr. Nie") resigned as an independent non-executive Director of the Company,a member of each of the remuneration committee of the Board and the nomination committee of the Board, and the chairman of the audit committee of the Board (the "Audit Committee") to devote more time to his personal affairs and other business commitments. Mr. Nie has confirmed that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in respect of his resignation as a Director. The Board wishes to express its appreciation for Mr. Nie's contributions to the Group during his tenure of office. With effect from 1 June 2023, Mr. Zhang Shengman, an independent non-executive Director, has been appointed as the chairman of the Audit Committee. Following the resignation of Mr. Nie, the Company continues to meet the requirement under Rule 3.10(2) of the Rules Governing the Listing of Securities on the Stock Exchange that at least one of he independent non-executive Directors must have appropriate rofessional qualifications or accounting or related financial management expertise, by virtue of the background and experience of Mr. Lai Shixian ("Mr. Lai"), an independent non-executive Director and a member of the Audit Committee. Mr. Lai Shixian (), aged 49, joined the Board as an independent non-executive Director on 13 December 2012. Mr. Lai holds an EMBA degree from China Europe International Business School. Mr. Lai has substantial knowledge and experience in financial management. In March 2003, Mr. Lai joined ANTA Sports Products Limited ("ANTA"), a company listed on the Stock Exchange, and accumulated over 20 years of experience in administrative and financial management. Mr. Lai had served various roles in ANTA, including executive director and chief operating officer, and was appointed as the chief financial officer of ANTA in June 2018. He is currently an executive directorand the co-chief executive officer of ANTA. Upcoming Dividend • Apr 26
Upcoming dividend of HK$0.14 per share at 7.6% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 52% and the cash payout ratio is 88%. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.8%). Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.39 in FY 2021) Full year 2022 results: EPS: CN¥0.37 (down from CN¥0.39 in FY 2021). Revenue: CN¥3.09b (down 8.7% from FY 2021). Net income: CN¥448.1m (down 4.3% from FY 2021). Profit margin: 14% (in line with FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. 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. No experienced directors. 9 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Shixian Lai was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Oct 21
Founder & Chairman recently bought €139k worth of stock On the 13th of October, Dong Xing Wang bought around 323k shares on-market at roughly €0.43 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Dong Xing has been a buyer over the last 12 months, purchasing a net total of €354k worth in shares. Upcoming Dividend • Aug 30
Upcoming dividend of HK$0.18 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 20
First half 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.23 in 1H 2021) First half 2022 results: EPS: CN¥0.21 (down from CN¥0.23 in 1H 2021). Revenue: CN¥1.40b (up 3.2% from 1H 2021). Net income: CN¥257.0m (down 5.3% from 1H 2021). Profit margin: 18% (down from 20% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 13% growth forecast for the Luxury industry in Germany. 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 15% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 27
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 04 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 8.8%. Within top quartile of German dividend payers (4.0%). Higher than average of industry peers (1.6%). 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. No experienced directors. 9 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Shixian Lai was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Executive Departure • Oct 07
CFO & Company Secretary Yuk Lan Ko has left the company On the 30th of September, Yuk Lan Ko's tenure as CFO & Company Secretary ended. We don't have any record of a personal shareholding under Yuk Lan's name. Yuk Lan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 11.75 years. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.18 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 24 September 2021. Trailing yield: 9.3%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 25
First half 2021 earnings released: EPS CN¥0.23 (vs CN¥0.23 in 1H 2020) The company reported a mediocre first half result with weaker profit margins, although earnings were flat and revenues improved. First half 2021 results: Revenue: CN¥1.35b (up 24% from 1H 2020). Net income: CN¥271.5m (flat on 1H 2020). Profit margin: 20% (down from 25% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 26
Upcoming dividend of HK$0.27 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 21 May 2021. Trailing yield: 8.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Mar 20
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.68b (down 27% from FY 2019). Net income: CN¥557.2m (down 31% from FY 2019). Profit margin: 21% (down from 22% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Jan 21
New 90-day high: €0.60 The company is up 8.0% from its price of €0.56 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.34 per share. Recent Insider Transactions • Nov 19
Executive Director recently bought €65k worth of stock On the 16th of November, Rong Bin Pan bought around 120k shares on-market at roughly €0.54 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.4m more in shares than they bought in the last 12 months. Is New 90 Day High Low • Oct 13
New 90-day high: €0.52 The company is up 6.0% from its price of €0.49 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.93 per share.