Annonce • Jun 30
Shenzhen Leaguer Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Shenzhen Leaguer Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.88, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 54x in the Packaging industry in China. Total loss to shareholders of 7.3% over the past three years. Declared Dividend • May 23
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 29% lower than last year. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 62% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years. Board Change • May 20
Less than half of directors are independent There are 6 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: 3 independent directors. 5 non-independent directors. Independent Director Gaoyu Yang 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. Annonce • Mar 31
Shenzhen Leaguer Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Leaguer Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Annonce • Mar 26
Shenzhen Leaguer Co., Ltd., Annual General Meeting, Apr 16, 2026 Shenzhen Leaguer Co., Ltd., Annual General Meeting, Apr 16, 2026, at 14:30 China Standard Time. Location: 10F, No. 1, Xindong Road, North District, Science Park, Nanshan District, Shenzhen, Guangdong China Annonce • Mar 06
Shenzhen Leaguer Co., Ltd. Approves Election of Gao Zhaoyang as Director Shenzhen Leaguer Co., Ltd. at the Extraordinary General Meeting of 2026 on 04 March 2026 approved election of Gao Zhaoyang as a director. Annonce • Dec 31
Shenzhen Leaguer Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Shenzhen Leaguer Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Annonce • Sep 30
Shenzhen Leaguer Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shenzhen Leaguer Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Annonce • Jul 02
Shenzhen Leaguer Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shenzhen Leaguer Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Annonce • Jun 12
Shenzhen Leaguer Co., Ltd. Elects Xu Anbi as Director Shenzhen Leaguer Co., Ltd. at the Extraordinary General Meeting of 2025 on 09 June 2025 approved election of directors, cumulative voting system applicable: Xu Anbi, director. Annonce • Apr 18
Shenzhen Leaguer Co., Ltd. Approves Cash Dividend for the Year 2024 Shenzhen Leaguer Co., Ltd. at its Annual General Meeting held on 16 April 2025, approved cash dividend/10 shares (tax included) of CNY 0.70000000 for the year 2024. Annonce • Mar 31
Shenzhen Leaguer Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen Leaguer Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Annonce • Mar 28
Shenzhen Leaguer Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Shenzhen Leaguer Co., Ltd. announced on 27 March 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 0.70000000. Annonce • Mar 27
Shenzhen Leaguer Co., Ltd., Annual General Meeting, Apr 16, 2025 Shenzhen Leaguer Co., Ltd., Annual General Meeting, Apr 16, 2025, at 14:30 China Standard Time. Location: 10F, Keyan Building, No. 1, Xindong Road, North District, Science Park, Nanshan District, Shenzhen, Guangdong China Annonce • Dec 31
Shenzhen Leaguer Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 Shenzhen Leaguer Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to CN¥10.59, the stock trades at a trailing P/E ratio of 66.2x. Average trailing P/E is 32x in the Packaging industry in China. Total returns to shareholders of 13% over the past three years. New Risk • Oct 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.055 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.045 (down from CN¥0.055 in 3Q 2023). Revenue: CN¥546.4m (down 14% from 3Q 2023). Net income: CN¥54.2m (down 19% from 3Q 2023). Profit margin: 9.9% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥7.21, the stock trades at a trailing P/E ratio of 46.7x. Average forward P/E is 19x in the Packaging industry in China. Total loss to shareholders of 21% over the past three years. Annonce • Sep 30
Shenzhen Leaguer Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Shenzhen Leaguer Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.097 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.097 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥604.0m (up 7.2% from 2Q 2023). Net income: CN¥117.3m (down 32% from 2Q 2023). Profit margin: 19% (down from 31% in 2Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in China. 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 21% per year, which means it has not declined as severely as earnings. Annonce • Jun 29
Shenzhen Leaguer Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shenzhen Leaguer Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥6.45, the stock trades at a trailing P/E ratio of 32.2x. Average forward P/E is 16x in the Packaging industry in China. Total loss to shareholders of 31% over the past three years. Declared Dividend • Jun 01
Dividend increased to CN¥0.09 Dividend of CN¥0.09 is 13% higher than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 50% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.4% EPS decline seen over the last 5 years. Annonce • May 31
Shenzhen Leaguer Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 07 June 2024 Shenzhen Leaguer Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.90000000. Record date: 06 June 2024. Ex-date: 07 June 2024. Payment date: 07 June 2024. Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.03 loss per share (vs CN¥0.041 profit in 1Q 2023) First quarter 2024 results: CN¥0.03 loss per share (down from CN¥0.041 profit in 1Q 2023). Revenue: CN¥444.0m (down 21% from 1Q 2023). Net loss: CN¥36.1m (down 172% from profit in 1Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in China. 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 12% per year, which means it has not declined as severely as earnings. Annonce • Mar 30
Shenzhen Leaguer Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Leaguer Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Annonce • Mar 27
Shenzhen Leaguer Co., Ltd., Annual General Meeting, Apr 16, 2024 Shenzhen Leaguer Co., Ltd., Annual General Meeting, Apr 16, 2024, at 14:30 China Standard Time. Location: 10F, No. 1, Xindong Road, North District, Science Park, Nanshan District, Shenzhen, Guangdong China New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 1.0% 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 1.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.34 in FY 2022) Full year 2023 results: EPS: CN¥0.27 (down from CN¥0.34 in FY 2022). Revenue: CN¥2.52b (down 4.3% from FY 2022). Net income: CN¥329.1m (down 19% from FY 2022). Profit margin: 13% (down from 16% in FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥5.57, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 30x in the Packaging industry in China. Total loss to shareholders of 36% over the past three years. Annonce • Dec 29
Shenzhen Leaguer Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Shenzhen Leaguer Co., Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.055 (vs CN¥0.058 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.055 (down from CN¥0.058 in 3Q 2022). Revenue: CN¥632.9m (up 10% from 3Q 2022). Net income: CN¥66.9m (down 5.2% from 3Q 2022). Profit margin: 11% (down from 12% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Annonce • Oct 19
Shenzhen Leaguer Co., Ltd. Announces Directors Appointments Shenzhen Leaguer Co., Ltd. held its 4th Extraordinary General Meeting of 2023 on 16 October 2023 were approved Pan Zesheng as non-independent directors, Wu Guangquan as independent directors and Liu Yanzi as supervisors. New Risk • Aug 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 82% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Jul 28
Second quarter 2023 earnings released: CN¥0.023 loss per share (vs CN¥0.066 profit in 2Q 2022) Second quarter 2023 results: CN¥0.023 loss per share (down from CN¥0.066 profit in 2Q 2022). Net loss: CN¥27.8m (down 135% from profit in 2Q 2022). 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 18% per year, which means it is performing significantly worse than earnings. Board Change • Jul 01
Insufficient new directors 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. 1 highly experienced director. Director Kangcheng Deng was the last 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: Insufficient board refreshment. Annonce • Jul 01
Shenzhen Leaguer Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Shenzhen Leaguer Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Annonce • May 19
Shenzhen Leaguer Co., Ltd. Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 26 May 2023 Shenzhen Leaguer Co., Ltd. implemented 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.80000000. Record date: 25 May 2023, Ex-date: 26 May 2023, Payment date: 26 May 2023. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.52 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (down from CN¥0.52 in FY 2021). Revenue: CN¥2.62b (down 13% from FY 2021). Net income: CN¥416.7m (down 34% from FY 2021). Profit margin: 16% (down from 21% in FY 2021). Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. 1 highly experienced director. Director Hai Cheng Cao is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.058 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.058 (down from CN¥0.15 in 3Q 2021). Revenue: CN¥574.3m (down 11% from 3Q 2021). Net income: CN¥70.5m (down 62% from 3Q 2021). Profit margin: 12% (down from 28% in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Packaging industry in China. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: CN¥0.069 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.069 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥656.2m (up 9.8% from 2Q 2021). Net income: CN¥83.7m (down 43% from 2Q 2021). Profit margin: 13% (down from 25% in 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 33% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.84, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Packaging industry in China. Negligible returns to shareholders over past year. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.032 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.029 (down from CN¥0.032 in 1Q 2021). Revenue: CN¥469.3m (up 13% from 1Q 2021). Net income: CN¥34.8m (down 9.5% from 1Q 2021). Profit margin: 7.4% (down from 9.3% in 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 26% growth forecast for the industry in China. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. 1 highly experienced director. Director Hai Cheng Cao is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.54 (up from CN¥0.49 in FY 2020). Revenue: CN¥3.07b (up 40% from FY 2020). Net income: CN¥656.4m (up 12% from FY 2020). Profit margin: 21% (down from 27% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 22%. Over the next year, revenue is expected to shrink by 7.3% compared to a 23% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥12.84, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Packaging industry in China. Total returns to shareholders of 3.1% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥631.6m (up 6.8% from 3Q 2020). Net income: CN¥177.1m (up 21% from 3Q 2020). Profit margin: 28% (up from 25% in 3Q 2020). Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.092 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥597.5m (up 19% from 2Q 2020). Net income: CN¥147.7m (up 37% from 2Q 2020). Profit margin: 25% (up from 21% in 2Q 2020). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.092 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥597.5m (up 19% from 2Q 2020). Net income: CN¥147.1m (up 37% from 2Q 2020). Profit margin: 25% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.032 (vs CN¥0.031 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¥415.5m (up 31% from 1Q 2020). Net income: CN¥38.5m (up 5.5% from 1Q 2020). Profit margin: 9.3% (down from 12% in 1Q 2020). Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.49 (vs CN¥0.46 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.18b (up 1.6% from FY 2019). Net income: CN¥588.2m (up 9.6% from FY 2019). Profit margin: 27% (up from 25% in FY 2019). The increase in margin was primarily driven by higher revenue. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥10.47 The company is down 14% from its price of CN¥12.13 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 Packaging industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥10.50 The company is down 19% from its price of CN¥12.92 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥11.39 The company is down 14% from its price of CN¥13.22 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: CN¥11.99 The company is down 28% from its price of CN¥16.62 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥12.72 The company is down 22% from its price of CN¥16.28 on 31 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 Packaging industry, which is up 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥589.8m, up 12% from the prior year. Total revenue was CN¥2.17b over the last 12 months, down 18% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥12.78 The company is down 11% from its price of CN¥14.40 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 16% over the same period. 
