Reported Earnings • Apr 20
Full year 2025 earnings released: CN¥0.67 loss per share (vs CN¥0.33 loss in FY 2024) Full year 2025 results: CN¥0.67 loss per share (further deteriorated from CN¥0.33 loss in FY 2024). Revenue: CN¥2.92b (down 33% from FY 2024). Net loss: CN¥727.2m (loss widened 106% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. New Risk • Apr 07
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 8.4% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 78% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Annonce • Mar 30
Henan Ancai Hi-Tech Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Henan Ancai Hi-Tech Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 09
New major risk - Revenue and earnings growth Earnings have declined by 78% 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. Annonce • Dec 26
Henan Ancai Hi-Tech Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026 Henan Ancai Hi-Tech Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026 Board Change • Dec 13
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. 4 non-independent directors. Independent Director Gongfu Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 21
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 7.4% 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. Reported Earnings • Nov 03
Third quarter 2025 earnings released: CN¥0.13 loss per share (vs CN¥0.093 loss in 3Q 2024) Third quarter 2025 results: CN¥0.13 loss per share (further deteriorated from CN¥0.093 loss in 3Q 2024). Revenue: CN¥714.0m (down 25% from 3Q 2024). Net loss: CN¥142.1m (loss widened 42% from 3Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Annonce • Sep 30
Henan Ancai Hi-Tech Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Henan Ancai Hi-Tech Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Aug 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥458m Forecast net loss in 2 years: CN¥73m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥730m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥73m net loss in 2 years). Share price has been volatile over the past 3 months (6.7% average weekly change). New Risk • Jul 08
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 7.2% 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥730m free cash flow). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Annonce • Jun 30
Henan Ancai Hi-Tech Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Henan Ancai Hi-Tech Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Annonce • May 29
Henan Ancai Hi-Tech Co.,Ltd, Annual General Meeting, Jun 19, 2025 Henan Ancai Hi-Tech Co.,Ltd, Annual General Meeting, Jun 19, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Anyang, Henan China Reported Earnings • Mar 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CN¥0.33 loss per share (further deteriorated from CN¥0.018 loss in FY 2023). Revenue: CN¥4.34b (down 17% from FY 2023). Net loss: CN¥353.7m (loss widened CN¥334.4m from FY 2023). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Annonce • Mar 28
Henan Ancai Hi-Tech Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Henan Ancai Hi-Tech Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Annonce • Dec 27
Henan Ancai Hi-Tech Co.,Ltd to Report Fiscal Year 2024 Results on Mar 29, 2025 Henan Ancai Hi-Tech Co.,Ltd announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.093 loss per share (vs CN¥0.003 profit in 3Q 2023) Third quarter 2024 results: CN¥0.093 loss per share (down from CN¥0.003 profit in 3Q 2023). Revenue: CN¥952.3m (down 34% from 3Q 2023). Net loss: CN¥100.2m (down CN¥103.3m from profit in 3Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Annonce • Sep 30
Henan Ancai Hi-Tech Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Henan Ancai Hi-Tech Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Jul 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 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. Annonce • Jun 28
Henan Ancai Hi-Tech Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Henan Ancai Hi-Tech Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Annonce • Jun 24
Henan Gas (Group) Co.,Ltd. completed the acquisition of Henan Ancai Gas Co., Ltd. from Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207). Henan Gas (Group) Co.,Ltd. agreed to acquire Henan Ancai Gas Co., Ltd. from Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207) for CNY 15.9 million on May 23, 2024. The consideration consists of CNY 15.99 million in cash. As part of the consideration, CNY 15.99 million was paid towards common equity. Henan Ancai Gas Co., Ltd. reported the total assets worth of CNY 135.4769 million, total common equity worth of CNY 6.6851 million and reported the sales revenue of CNY 186.8596 million and the net loss of CNY 16.8619 million, as of December 31, 2023. The transaction is approved by the board of directors of Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207). The transaction is subject to the approval of the shareholders of Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207). As of June 13, 2024, the shareholders of Henan Ancai Hi-Tech approved the transaction.
Henan Gas (Group) Co.,Ltd. completed the acquisition of Henan Ancai Gas Co., Ltd. from Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207) on June 22, 2024. Annonce • May 25
Henan Ancai Hi-Tech Co.,Ltd, Annual General Meeting, Jun 13, 2024 Henan Ancai Hi-Tech Co.,Ltd, Annual General Meeting, Jun 13, 2024, at 10:00 China Standard Time. Location: 8F, No. 4, Financial Island Outer Ring Road, Jinshui District, Zhengzhou, Henan China Reported Earnings • May 03
First quarter 2024 earnings released: CN¥0.002 loss per share (vs CN¥0.009 profit in 1Q 2023) First quarter 2024 results: CN¥0.002 loss per share (down from CN¥0.009 profit in 1Q 2023). Revenue: CN¥1.31b (up 7.1% from 1Q 2023). Net loss: CN¥2.72m (down 127% from profit in 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.018 loss per share (down from CN¥0.09 profit in FY 2022). Revenue: CN¥5.20b (up 25% from FY 2022). Net loss: CN¥19.3m (down 125% from profit in FY 2022). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Annonce • Mar 29
Henan Ancai Hi-Tech Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Henan Ancai Hi-Tech Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Jan 30
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 6.7% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Annonce • Dec 29
Henan Ancai Hi-Tech Co.,Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024 Henan Ancai Hi-Tech Co.,Ltd announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Oct 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding). Annonce • Sep 30
Henan Ancai Hi-Tech Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 Henan Ancai Hi-Tech Co.,Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.021 (vs CN¥0.048 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.021 (down from CN¥0.048 in 2Q 2022). Revenue: CN¥1.39b (up 43% from 2Q 2022). Net income: CN¥22.6m (down 46% from 2Q 2022). Profit margin: 1.6% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 16% 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. Annonce • Jun 28
Henan Ancai Hi-Tech Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Henan Ancai Hi-Tech Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 30
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.09 (down from CN¥0.24 in FY 2021). Revenue: CN¥4.14b (up 24% from FY 2021). Net income: CN¥77.5m (down 63% from FY 2021). Profit margin: 1.9% (down from 6.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 4 non-independent directors. Independent Director Yaohui Liu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released Third quarter 2022 results: Net income: (down CN¥27.5m from profit in 3Q 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥6.26, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥7.12, the stock trades at a trailing P/E ratio of 77.9x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 44% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.023 (vs CN¥0.17 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.023 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥778.2m (down 16% from 1Q 2021). Net income: CN¥19.4m (down 87% from 1Q 2021). Profit margin: 2.5% (down from 16% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 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 • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.24 (up from CN¥0.13 in FY 2020). Revenue: CN¥3.34b (up 46% from FY 2020). Net income: CN¥209.8m (up 89% from FY 2020). Profit margin: 6.3% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.032 (vs CN¥0.032 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥877.3m (up 59% from 3Q 2020). Net income: CN¥27.5m (flat on 3Q 2020). Profit margin: 3.1% (down from 5.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Sep 08
Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207) signed agreement to acquire Henan Ancai Photothermal Technology Co., Ltd. from Henan Investment Group for approximately CNY 210 million. Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207) signed agreement to acquire Henan Ancai Photothermal Technology Co., Ltd. from Henan Investment Group for approximately CNY 210 million on September 8, 2021. Henan Ancai Hi-Tech Co.,Ltd. will use its own funds for consideration payment. As of June 30, 2021, Henan Ancai Photothermal Technology Co., Ltd. has reported total assets of CNY 744.29 million and net assets of CNY 178.62 million. The Board of Directors of Henan Ancai Hi-Tech Co.,Ltd. has approved the transaction. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥6.96, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 27% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS CN¥0.033 (vs CN¥0.015 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥708.6m (up 47% from 2Q 2020). Net income: CN¥28.1m (up 110% from 2Q 2020). Profit margin: 4.0% (up from 2.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Jul 15
Henan Ancai Hi-Tech Co.,Ltd announced that it expects to receive CNY 1.2 billion in funding from Henan Investment Group and other investors Henan Ancai Hi-Tech Co., Ltd announced a private placement of not more than 258,880,000 A shares for gross proceeds of up to CNY 1,200,000,000 on July 14, 2021. The transaction will include participation from no more than 35 including returning investor Henan Investment Group. Henan Investment Group. The shares not exceeding 30% of the company's total share capital before the issuance. The issue price shall not be less than 80% of the average price of the company’s stock trading on the 20 trading days prior to the pricing base date. does not exceed 30% of the company's total share capital before the issuance. The shares subscribed by the controlling shareholder Henan Investment Group for this transaction shall not be transferred within 18 months from the date of completion of the offering. The shares subscribed by other issuers for this issue shall not be transferred within 6 months from the date of the end of the issue. The transaction has been approved by 13th meeting of its seventh board of directors. The transaction is subject to be submitted to the state-owned assets supervision and management agency or authorized unit for approval, and its shareholders meeting for review and approval, and It can be implemented after approval by the China Securities Regulatory Commission. Reported Earnings • May 05
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.024 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥921.3m (up 64% from 1Q 2020). Net income: CN¥151.0m (up CN¥130.7m from 1Q 2020). Profit margin: 16% (up from 3.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥0.13 (vs CN¥0.023 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.29b (up 14% from FY 2019). Net income: CN¥111.1m (up 459% from FY 2019). Profit margin: 4.8% (up from 1.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Mar 05
Henan Ancai Hi-Tech Co.,Ltd to Report Fiscal Year 2020 Results on Mar 27, 2021 Henan Ancai Hi-Tech Co.,Ltd announced that they will report fiscal year 2020 results on Mar 27, 2021 Is New 90 Day High Low • Dec 18
New 90-day high: CN¥6.26 The company is up 22% from its price of CN¥5.15 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. Is New 90 Day High Low • Nov 07
New 90-day high: CN¥6.04 The company is up 5.0% from its price of CN¥5.73 on 07 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. Annonce • Oct 27
Henan Ancai Hi-Tech Co.,Ltd to Report Q3, 2020 Results on Oct 30, 2020 Henan Ancai Hi-Tech Co.,Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Annonce • Jul 10
Henan Ancai Hi-Tech Co.,Ltd to Report First Half, 2020 Results on Aug 28, 2020 Henan Ancai Hi-Tech Co.,Ltd announced that they will report first half, 2020 results on Aug 28, 2020