Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Bing Le Dong was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Mar 31
Wushang Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Wushang Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Annonce • Mar 26
Wushang Group Co., Ltd., Annual General Meeting, Apr 23, 2026 Wushang Group Co., Ltd., Annual General Meeting, Apr 23, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Annonce • Dec 31
Wushang Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Wushang Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Annonce • Sep 30
Wushang Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Wushang Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Annonce • Aug 28
Wushang Group Co., Ltd. Proposes Interim Cash Dividend for the Year 2025 Wushang Group Co., Ltd. at its 1st Extraordinary General Meeting of 2025 to be held on 11 September 2025, proposed interim cash dividend (tax included) of CNY 1.00000000 per 10 shares for the year 2025. Annonce • Jul 02
Wushang Group Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Wushang Group Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Annonce • Apr 30
Wushang Group Co., Ltd., Annual General Meeting, May 20, 2025 Wushang Group Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: 8F, No. 690, Jiefang Avenue, Wuhan, Hubei China Annonce • Dec 31
Wushang Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Wushang Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.037 loss per share (vs CN¥0.002 profit in 3Q 2023) Third quarter 2024 results: CN¥0.037 loss per share (down from CN¥0.002 profit in 3Q 2023). Revenue: CN¥1.48b (down 14% from 3Q 2023). Net loss: CN¥29.5m (down CN¥31.0m from profit in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 59% 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. Upcoming Dividend • Oct 04
Upcoming dividend of CN¥0.10 per share Eligible shareholders must have bought the stock before 11 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥8.74, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Multiline Retail industry in China. Total loss to shareholders of 16% over the past three years. Annonce • Sep 30
Wushang Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Wushang Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Annonce • Sep 27
Wushang Group Co., Ltd. Announces Interim Cash Dividend of the Year 2024 of A Shares, Payable on 11 October 2024 Wushang Group Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 1.00000000 for year 2024 of A shares. Record date is 10 October 2024. Ex-date is 11 October 2024. Payment date is 11 October 2024. Annonce • Sep 21
Wushang Group Co., Ltd. Approves Profit Distribution Plan for 2024 Wushang Group Co., Ltd. at its second Extraordinary General Meeting held on 19 September 2024 approved the detailed profit distribution plan is as follows: Cash dividend per 10 shares (tax included): CNY1.00000000. Annonce • Aug 31
Wushang Group Co., Ltd. Proposes Interim Dividend for the First Half of 2024 Wushang Group Co., Ltd. proposed interim cash dividend/10 shares (tax included) of CNY 1.00000000 for the first half of 2024. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.019 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.019 loss in 2Q 2023). Revenue: CN¥1.69b (up 1.0% from 2Q 2023). Net income: CN¥15.1m (up CN¥29.9m from 2Q 2023). Profit margin: 0.9% (up from net loss in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Annonce • Aug 07
Wushang Group Co., Ltd. (SZSE:000501) announces an Equity Buyback for CNY 150 million worth of its shares. Wushang Group Co., Ltd. (SZSE:000501) announces a share repurchase program. Under the program, the company will repurchase CNY 150 million worth of shares. The shares will be repurchased at a price of not more than CNY 10.5 per share. The funds for this share repurchase are entirely from the company's own funds. The purpose of the program is to maintain the company's value and shareholders' interests. The repurchased shares will be sold. The program is valid for 3 months Annonce • Jun 29
Wushang Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Wushang Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • May 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Jun Pan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • May 01
Wushang Group Co., Ltd., Annual General Meeting, May 20, 2024 Wushang Group Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 8F, Block A, No. 690, Jiefang Avenue, Wuhan, Hubei China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.17 in 1Q 2023). Revenue: CN¥1.96b (down 4.8% from 1Q 2023). Net income: CN¥138.6m (up 5.1% from 1Q 2023). Profit margin: 7.1% (up from 6.4% in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.40 in FY 2022) Full year 2023 results: EPS: CN¥0.27 (down from CN¥0.40 in FY 2022). Revenue: CN¥7.18b (up 13% from FY 2022). Net income: CN¥209.1m (down 31% from FY 2022). Profit margin: 2.9% (down from 4.8% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Annonce • Mar 30
Wushang Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Wushang Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Annonce • Dec 30
Wushang Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Wushang Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Nov 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). 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 (1.3% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.081 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.002 (down from CN¥0.081 in 3Q 2022). Revenue: CN¥1.71b (up 15% from 3Q 2022). Net income: CN¥1.46m (down 98% from 3Q 2022). Profit margin: 0.1% (down from 4.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annonce • Oct 29
Wushang Group Co., Ltd. Announces Executive Appointments Wushang Group Co., Ltd. appointed Pan Hongxiang, Pan Jun, Jiang Zhixiong and Hu Jiana as non-independent directors; Zhang Hongxiang and Xie Wenmin as independent directors at its EGM held on 26 October 2023. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.019 loss per share (vs CN¥0.12 profit in 2Q 2022) Second quarter 2023 results: CN¥0.019 loss per share (down from CN¥0.12 profit in 2Q 2022). Revenue: CN¥1.67b (up 11% from 2Q 2022). Net loss: CN¥14.8m (down 116% from profit in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Multiline Retail industry in China. 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 20% per year, which means it has not declined as severely as earnings. Annonce • Jun 10
Wushang Group Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 16, 2023 Wushang Group Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.50000000 on A shares for the year 2022. Record date is June 15, 2023. Ex-date is May June 16, 2023. Payment date is June 16, 2023. Annonce • May 23
Wushang Group Co., Ltd. Approves 2022 Profit Distribution Plan Wushang Group Co., Ltd. at its Annual General Meeting of 2022 held on 19 May 2023 approved 2022 profit distribution plan. Cash dividend/10 shares (tax included): CNY 0.50000000. Annonce • May 06
Wushang Group Co., Ltd., Annual General Meeting, May 19, 2023 Wushang Group Co., Ltd., Annual General Meeting, May 19, 2023, at 15:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; and to consider other matters. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Jun Tang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.081 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥1.49b (down 6.1% from 3Q 2021). Net income: CN¥63.7m (down 34% from 3Q 2021). Profit margin: 4.3% (down from 6.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.24 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.24 in 2Q 2021). Revenue: CN¥1.50b (down 12% from 2Q 2021). Net income: CN¥92.2m (down 50% from 2Q 2021). Profit margin: 6.2% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 1.8%, compared to a 142% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Jul 25
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Jun Tang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.35 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.23 (down from CN¥0.35 in 1Q 2021). Revenue: CN¥1.87b (down 6.5% from 1Q 2021). Net income: CN¥175.8m (down 34% from 1Q 2021). Profit margin: 9.4% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 7.1%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 13% 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. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Deputy GM & Non-Employee Supervisor Haifang Wu was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.98 (vs CN¥0.71 in FY 2020) Full year 2021 results: EPS: CN¥0.98 (up from CN¥0.71 in FY 2020). Revenue: CN¥7.13b (down 6.7% from FY 2020). Net income: CN¥752.4m (up 37% from FY 2020). Profit margin: 11% (up from 7.2% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 4.0%, compared to a 10% growth forecast for the retail industry in China. 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.29 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.70b (up 22% from 2Q 2020). Net income: CN¥185.1m (up 1.4% from 2Q 2020). Profit margin: 11% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.29 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.00b (up 55% from 1Q 2020). Net income: CN¥267.2m (up CN¥492.0m from 1Q 2020). Profit margin: 13% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.71 (vs CN¥1.60 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥7.64b (down 57% from FY 2019). Net income: CN¥547.4m (down 55% from FY 2019). Profit margin: 7.2% (up from 6.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% 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. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥10.39 The company is down 20% from its price of CN¥13.04 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 Multiline Retail industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥71.54 per share. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥11.52 The company is down 22% from its price of CN¥14.80 on 30 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 Multiline Retail industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥74.63 per share. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥12.07 The company is down 25% from its price of CN¥16.00 on 11 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 Multiline Retail industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥74.86 per share. Is New 90 Day High Low • Nov 26
New 90-day low: CN¥12.95 The company is down 32% from its price of CN¥19.12 on 28 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥67.04 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥609.0m, down 44% from the prior year. Total revenue was CN¥9.33b over the last 12 months, down 47% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: CN¥14.63 The company is down 27% from its price of CN¥19.94 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.27 per share. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥14.94 The company is down 5.0% from its price of CN¥15.68 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 Multiline Retail industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.27 per share. 
