New Risk • May 22
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 10% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 17% per year over the past 5 years. Annonce • May 19
Kexin Development Co.,Ltd,Shanxi, Annual General Meeting, Jun 16, 2026 Kexin Development Co.,Ltd,Shanxi, Annual General Meeting, Jun 16, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.07 loss per share (vs CN¥0.15 profit in FY 2024) Full year 2025 results: CN¥0.07 loss per share (down from CN¥0.15 profit in FY 2024). Revenue: CN¥384.0m (up 2.5% from FY 2024). Net loss: CN¥17.2m (down 143% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 20
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. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥17.62, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 30x in the Consumer Durables industry in China. Total returns to shareholders of 183% over the past three years. Annonce • Mar 30
Kexin Development Co.,Ltd,Shanxi to Report Q1, 2026 Results on Apr 29, 2026 Kexin Development Co.,Ltd,Shanxi announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥15.50, the stock trades at a trailing P/E ratio of 68.3x. Average trailing P/E is 30x in the Consumer Durables industry in China. Total returns to shareholders of 100% over the past three years. Annonce • Dec 26
Kexin Development Co.,Ltd,Shanxi to Report Fiscal Year 2025 Results on Apr 29, 2026 Kexin Development Co.,Ltd,Shanxi announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Dec 17
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 9.1% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥13.81, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 29x in the Consumer Durables industry in China. Total returns to shareholders of 93% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.031 (vs CN¥0.071 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.031 (down from CN¥0.071 in 3Q 2024). Revenue: CN¥133.5m (up 5.5% from 3Q 2024). Net income: CN¥8.20m (down 56% from 3Q 2024). Profit margin: 6.1% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • Oct 17
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 7.6% 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. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥11.45, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 35x in the Consumer Durables industry in China. Total returns to shareholders of 48% over the past three years. Annonce • Sep 30
Kexin Development Co.,Ltd,Shanxi to Report Q3, 2025 Results on Oct 31, 2025 Kexin Development Co.,Ltd,Shanxi announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.081 (vs CN¥0.001 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.081 (up from CN¥0.001 in 2Q 2024). Revenue: CN¥77.5m (up 187% from 2Q 2024). Net income: CN¥21.2m (up CN¥20.9m from 2Q 2024). Profit margin: 27% (up from 1.1% in 2Q 2024). 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 1% per year. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.32, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 28x in the Consumer Durables industry in China. Total loss to shareholders of 7.0% over the past three years. New Risk • Jul 09
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 6.9% 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. Annonce • Jun 30
Kexin Development Co.,Ltd,Shanxi to Report First Half, 2025 Results on Aug 29, 2025 Kexin Development Co.,Ltd,Shanxi announced that they will report first half, 2025 results on Aug 29, 2025 Annonce • Jun 09
Kexin Development Co.,Ltd,Shanxi, Annual General Meeting, Jun 30, 2025 Kexin Development Co.,Ltd,Shanxi, Annual General Meeting, Jun 30, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Annonce • Mar 28
Kexin Development Co.,Ltd,Shanxi to Report Q1, 2025 Results on Apr 30, 2025 Kexin Development Co.,Ltd,Shanxi announced that they will report Q1, 2025 results on Apr 30, 2025 Annonce • Dec 27
Kexin Development Co.,Ltd,Shanxi to Report Fiscal Year 2024 Results on Apr 30, 2025 Kexin Development Co.,Ltd,Shanxi announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.071 (vs CN¥0.016 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.071 (up from CN¥0.016 loss in 3Q 2023). Revenue: CN¥126.5m (up 163% from 3Q 2023). Net income: CN¥18.5m (up CN¥22.7m from 3Q 2023). Profit margin: 15% (up from net loss in 3Q 2023). The move to profitability 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 94 percentage points per year, which is a significant difference in performance. Annonce • Sep 30
Kexin Development Co.,Ltd,Shanxi to Report Q3, 2024 Results on Oct 30, 2024 Kexin Development Co.,Ltd,Shanxi announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.041 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.001 (up from CN¥0.041 loss in 2Q 2023). Revenue: CN¥27.0m (up 93% from 2Q 2023). Net income: CN¥301.8k (up CN¥11.5m from 2Q 2023). Profit margin: 1.1% (up from net loss in 2Q 2023). The move to profitability 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 93 percentage points per year, which is a significant difference in performance. Annonce • Aug 28
Wang Peng completed the acquisition of 5% stake in Kexin Development Co.,Ltd,Shanxi (SHSE:600234) from Shenzhen Kexin Industrial Holdings Co., Ltd. Wang Peng agreed to acquire 5% stake in Kexin Development Co.,Ltd,Shanxi (SHSE:600234) from Shenzhen Kexin Industrial Holdings Co., Ltd for CNY 36.8 million on August 7, 2024. A consideration valued at CNY 2.8 per share will be paid for 13,126,049 shares.
Wang Peng completed the acquisition of 5% stake in Kexin Development Co.,Ltd,Shanxi (SHSE:600234) from Shenzhen Kexin Industrial Holdings Co., Ltd on August 26, 2024. Annonce • Jun 28
Kexin Development Co.,Ltd,Shanxi to Report First Half, 2024 Results on Aug 30, 2024 Kexin Development Co.,Ltd,Shanxi announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥698.3m (US$96.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥60m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 60% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CN¥698.3m market cap, or US$96.6m). New Risk • Apr 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥41m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥41m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 42% per year over the past 5 years. Reported Earnings • Apr 29
Full year 2023 earnings released: CN¥0.65 loss per share (vs CN¥0.074 loss in FY 2022) Full year 2023 results: CN¥0.65 loss per share (further deteriorated from CN¥0.074 loss in FY 2022). Revenue: CN¥70.1m (down 41% from FY 2022). Net loss: CN¥170.6m (loss widened CN¥151.2m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Annonce • Mar 30
Kexin Development Co.,Ltd,Shanxi to Report Q1, 2024 Results on Apr 29, 2024 Kexin Development Co.,Ltd,Shanxi announced that they will report Q1, 2024 results on Apr 29, 2024 Board Change • Jan 23
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. 5 non-independent directors. Independent Director Zhiqiang Zou was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 29
Kexin Development Co.,Ltd,Shanxi to Report Fiscal Year 2023 Results on Apr 29, 2024 Kexin Development Co.,Ltd,Shanxi announced that they will report fiscal year 2023 results on Apr 29, 2024 New Risk • Nov 06
New major risk - Revenue and earnings growth Earnings have declined by 9.1% 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. Reported Earnings • Aug 28
Second quarter 2023 earnings released: CN¥0.041 loss per share (vs CN¥0.052 profit in 2Q 2022) Second quarter 2023 results: CN¥0.041 loss per share (down from CN¥0.052 profit in 2Q 2022). Revenue: CN¥14.0m (down 69% from 2Q 2022). Net loss: CN¥11.2m (down 187% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Annonce • Jun 28
Kexin Development Co.,Ltd,Shanxi to Report First Half, 2023 Results on Aug 28, 2023 Kexin Development Co.,Ltd,Shanxi announced that they will report first half, 2023 results on Aug 28, 2023 Reported Earnings • Apr 29
Full year 2022 earnings released: CN¥0.074 loss per share (vs CN¥0.056 profit in FY 2021) Full year 2022 results: CN¥0.074 loss per share (down from CN¥0.056 profit in FY 2021). Revenue: CN¥119.5m (down 80% from FY 2021). Net loss: CN¥19.5m (down 255% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.016 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.016 in 3Q 2021). Revenue: CN¥12.3m (down 93% from 3Q 2021). Net income: CN¥5.69m (up 19% from 3Q 2021). Profit margin: 46% (up from 2.8% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.005 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.052 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥45.5m (down 76% from 2Q 2021). Net income: CN¥12.8m (up CN¥12.3m from 2Q 2021). Profit margin: 28% (up from 0.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2022 earnings released: CN¥0.07 loss per share (vs CN¥0.02 profit in 1Q 2021) First quarter 2022 results: CN¥0.07 loss per share (down from CN¥0.02 profit in 1Q 2021). Revenue: CN¥36.4m (down 72% from 1Q 2021). Net loss: CN¥19.4m (down CN¥24.1m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.66, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥11.20, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 29x in the Consumer Durables industry in China. Total returns to shareholders of 43% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.016 (vs CN¥0.13 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥169.7m (down 52% from 3Q 2020). Net income: CN¥4.79m (down 81% from 3Q 2020). Profit margin: 2.8% (down from 7.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.008 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥187.0m (up 76% from 2Q 2020). Net income: CN¥570.3k (down 58% from 2Q 2020). Profit margin: 0.3% (down from 1.3% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥12.68, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 25% over the past three years. Reported Earnings • May 05
First quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.011 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥131.4m (up 90% from 1Q 2020). Net income: CN¥4.69m (up 82% from 1Q 2020). Profit margin: 3.6% (down from 3.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.08 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.11b (up 389% from FY 2019). Net income: CN¥56.3m (up 233% from FY 2019). Profit margin: 5.1% (down from 7.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 05
New 90-day high: CN¥9.51 The company is up 2.0% from its price of CN¥9.28 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 1.0% over the same period. Annonce • Mar 04
Guanghe Landscape Culture Communication Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 Guanghe Landscape Culture Communication Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥8.66 The company is down 7.0% from its price of CN¥9.34 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Annonce • Oct 27
Guanghe Landscape Culture Communication Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Guanghe Landscape Culture Communication Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 24
New 90-day low: CN¥8.69 The company is down 12% from its price of CN¥9.90 on 24 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period. Annonce • Aug 12
Guanghe Landscape Culture Communication Co., Ltd. announced that it expects to receive CNY 479.999993 million in funding from Shenzhen Kexin Industrial Holdings Co., Ltd Guanghe Landscape Culture Communication Co., Ltd. (SHSE:600234) announced that it has entered into a share purchase agreement to issue not more than 60,075,093 A shares at a price of CNY 7.99 per share for gross proceeds of not more than CNY 479,999,993.07, not exceeding 30% of the company's total share capital in an equity round of funding from Shenzhen Kexin Industrial Holdings Co., Ltd for 60,075,093 shares on August 11 2020. The shares shall not be transferred within 36 months from the date of the end of the offering. The transaction has been approved at the company's 12th extraordinary meeting of the eight session of board of directors and seventh extraordinary meeting of the eighth board of supervisors, and still need to be approved by company’s general meeting of shareholders and China Securities Regulatory Commission. Annonce • Jul 10
Guanghe Landscape Culture Communication Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Guanghe Landscape Culture Communication Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 