Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$1.26, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Software industry in Hong Kong. Total loss to shareholders of 59% over the past three years. Annonce • May 30
Ming Yuan Cloud Group Holdings Limited Announces Change of Chief Financial Officer, with Effect from 29 May 2026 The Board of Ming Yuan Cloud Group Holdings Limited announced that, due to her personal arrangements, Ms. XIAO Zhimiao has tendered her resignation as the CFO with effect from 29 May 2026. Ms. XIAO confirmed that she has no disagreement with the Board, and that there are no matters in relation to her resignation as the CFO that need to be brought to the attention of the Stock Exchange and the Shareholders. The Board also hereby announced that Ms. HUANG Bingqi will assume the role as the CFO with effect from 29 May 2026. Ms. HUANG, aged 43, joined the Group in January 2026 as the head of finance of the Overseas Business Department. Ms. HUANG has over 16 years of extensive professional and management-related experience in the corporate financial management, cross-border financial and tax governance and capital market operations. Prior to joining the Group, Ms. HUANG held senior financial and management positions in several large enterprises and multinational groups. She once served as a senior accountant at Sequoia Capital China, the regional financial head at Huawei Technologies Co. Ltd., the chief financial officer of a joint venture between Royal Golden Eagle and Guangdong Energy Group, and the chief financial officer of TONCAN Enterprise Group. Ms. HUANG obtained a bachelor's degree in accounting from Hunan University of Science and Technology in June 2006 and a master degree of business administration (MBA) from Malaysia University of Science and Technology in June 2017. Declared Dividend • May 20
Dividend of HK$0.10 announced Shareholders will receive a dividend of HK$0.10. Ex-date: 22nd May 2026 Payment date: 8th July 2026 Dividend yield will be 5.0%, which is higher than the industry average of 0.8%. Sustainability & Growth The dividend has increased by an average of 4.7% per year over the past 5 years. However, payments have been volatile during that time. Annonce • Mar 18
Ming Yuan Cloud Group Holdings Limited, Annual General Meeting, May 20, 2026 Ming Yuan Cloud Group Holdings Limited, Annual General Meeting, May 20, 2026. Annonce • Mar 06
Ming Yuan Cloud Group Holdings Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Ming Yuan Cloud Group Holdings Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Annonce • Aug 15
Ming Yuan Cloud Group Holdings Limited to Report First Half, 2025 Results on Aug 26, 2025 Ming Yuan Cloud Group Holdings Limited announced that they will report first half, 2025 results on Aug 26, 2025 Annonce • May 21
Ming Yuan Cloud Group Holdings Limited Approves Special Dividend Ming Yuan Cloud Group Holdings Limited announced that at the AGM held on 20 May 2025, approved the declaration and payment of a special dividend of HKD 0.1 per share out of share premium account of the Company (the "Special Dividend") to the shareholders of the Company; and to authorize any one of the Directors to take such action, do such things and execute such further documents in connection with the implementation of the payment of the Special Dividend. Annonce • Mar 25
Ming Yuan Cloud Group Holdings Limited, Annual General Meeting, May 20, 2025 Ming Yuan Cloud Group Holdings Limited, Annual General Meeting, May 20, 2025. Annonce • Mar 13
Ming Yuan Cloud Group Holdings Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Ming Yuan Cloud Group Holdings Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Buy Or Sell Opportunity • Oct 08
Now 27% undervalued Over the last 90 days, the stock has risen 69% to HK$3.44. The fair value is estimated to be HK$4.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 0.2% in a year. Earnings are forecast to grow by 63% in the next year. New Risk • Sep 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 Hong Kong stocks, typically moving 9.8% 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 • Sep 16
First half 2024 earnings released: CN¥0.063 loss per share (vs CN¥0.18 loss in 1H 2023) First half 2024 results: CN¥0.063 loss per share (improved from CN¥0.18 loss in 1H 2023). Revenue: CN¥720.1m (down 5.5% from 1H 2023). Net loss: CN¥115.4m (loss narrowed 64% from 1H 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
First half 2024 earnings released: CN¥0.063 loss per share (vs CN¥0.18 loss in 1H 2023) First half 2024 results: CN¥0.063 loss per share (improved from CN¥0.18 loss in 1H 2023). Revenue: CN¥720.1m (down 5.5% from 1H 2023). Net loss: CN¥115.4m (loss narrowed 64% from 1H 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Annonce • Aug 05
Ming Yuan Cloud Group Holdings Limited to Report Q2, 2024 Results on Aug 15, 2024 Ming Yuan Cloud Group Holdings Limited announced that they will report Q2, 2024 results on Aug 15, 2024 Recent Insider Transactions • Jul 07
Executive Chairman recently bought HK$1.0m worth of stock On the 2nd of July, Yu Gao bought around 500k shares on-market at roughly HK$2.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth HK$2.0m. Yu has been a buyer over the last 12 months, purchasing a net total of HK$6.7m worth in shares. Recent Insider Transactions • Jun 29
VP & Executive Director recently bought HK$2.0m worth of stock On the 25th of June, Xiaohui Chen bought around 1m shares on-market at roughly HK$2.03 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$13m more in shares than they have sold in the last 12 months. New Risk • Jun 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥586m Forecast net loss in 3 years: CN¥21m 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CN¥21m net loss in 3 years). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). New Risk • May 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (CN¥21m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Annonce • May 11
Ming Yuan Cloud Group Holdings Limited Approves Special Dividend Ming Yuan Cloud Group Holdings Limited approved special dividend of HKD 0.1 per share out of share premium account of the Company to the shareholders of the Company, at its AGM held on 10 May 2024. Upcoming Dividend • May 09
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 05 July 2024. The company last paid an ordinary dividend in March 2021. The average dividend yield among industry peers is 4.4%. Annonce • Apr 19
Ming Yuan Cloud Group Holdings Limited, Annual General Meeting, May 10, 2024 Ming Yuan Cloud Group Holdings Limited, Annual General Meeting, May 10, 2024, at 10:00 China Standard Time. Location: Room Taihu, 4/F, Tower A, Gemdale Viseen Tower, 16 Gaoxin South 10th Road Shenzhen China Agenda: To receive and adopt the audited consolidated financial statements of the Company and the reports of the Directors and independent auditor of the Company (the "Auditor") for the year ended 31 December 2023; to re-elect Mr. Jiang Haiyang as an executive Director; to re-elect Mr. Chen Xiaohui as an executive Director; to re-elect Mr. Zhao Liang as an independent non-executive Director; to authorise the Board to fix the remuneration of the Directors; to re-appoint PricewaterhouseCoopers as Auditor and authorise the Board to fix its remuneration for the year ending 31 December 2024; and to consider other matters. Reported Earnings • Apr 18
Full year 2023 earnings released: CN¥0.32 loss per share (vs CN¥0.63 loss in FY 2022) Full year 2023 results: CN¥0.32 loss per share (improved from CN¥0.63 loss in FY 2022). Revenue: CN¥1.64b (down 9.7% from FY 2022). Net loss: CN¥585.6m (loss narrowed 49% from FY 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Hong Kong. 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 61% per year, which means it is performing significantly worse than earnings. New Risk • Apr 04
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥586m Forecast net loss in 3 years: CN¥21m 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. This is currently the only risk that has been identified for the company. New Risk • Apr 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥586m Forecast net loss in 3 years: CN¥93m 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 20
Full year 2023 earnings released: CN¥0.32 loss per share (vs CN¥0.63 loss in FY 2022) Full year 2023 results: CN¥0.32 loss per share (improved from CN¥0.63 loss in FY 2022). Revenue: CN¥1.64b (down 9.7% from FY 2022). Net loss: CN¥585.6m (loss narrowed 49% from FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Hong Kong. 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 60% per year, which means it is performing significantly worse than earnings. Annonce • Mar 18
Ming Yuan Cloud Group Holdings Limited(SEHK:909) dropped from FTSE All-World Index (USD) Ming Yuan Cloud Group Holdings Limited(SEHK:909) dropped from FTSE All-World Index (USD) Annonce • Mar 08
Ming Yuan Cloud Group Holdings Limited to Report Fiscal Year 2023 Results on Mar 19, 2024 Ming Yuan Cloud Group Holdings Limited announced that they will report fiscal year 2023 results on Mar 19, 2024 Recent Insider Transactions • Jan 20
CEO & Executive Director recently bought HK$2.4m worth of stock On the 16th of January, Haiyang Jiang bought around 1m shares on-market at roughly HK$2.44 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth HK$2.5m. This was Haiyang's only on-market trade for the last 12 months. Recent Insider Transactions • Jan 12
Executive Chairman recently bought HK$1.3m worth of stock On the 8th of January, Yu Gao bought around 499k shares on-market at roughly HK$2.58 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Yu has been a buyer over the last 12 months, purchasing a net total of HK$10m worth in shares. New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 24
First half 2023 earnings released: CN¥0.18 loss per share (vs CN¥0.30 loss in 1H 2022) First half 2023 results: CN¥0.18 loss per share (improved from CN¥0.30 loss in 1H 2022). Revenue: CN¥762.3m (down 14% from 1H 2022). Net loss: CN¥323.3m (loss narrowed 42% from 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in Hong Kong. Annonce • Aug 08
Ming Yuan Cloud Group Holdings Limited to Report First Half, 2023 Results on Aug 23, 2023 Ming Yuan Cloud Group Holdings Limited announced that they will report first half, 2023 results on Aug 23, 2023 Buying Opportunity • Aug 02
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be HK$5.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 93% in the next 2 years. Annonce • Jul 08
Ming Yuan Cloud Group Holdings Limited Announces Executive Changes The Board of Ming Yuan Cloud Group Holdings Limited announced that Ms. SZETO Kar Yee Cynthia ("Ms. SZETO") has tendered her resignation as a joint company secretary of the Company (the " Joint Company Secretary") due to other work arrangements, with effect from 7 July 2023. Ms. SZETO has confirmed that there is no disagreement with the Board and there are no matters that should be brought to the attention of the shareholders of the Company or the Stock Exchange in relation to her resignation. The Board also announced that Ms. LEUNG Shui Bing ("Ms. LEUNG") has been appointed by the Company as the Joint Company Secretary in replacement of Ms. SZETO, with effect from 7 July 2023. Mr. YE Junwen ("Mr. YE") will continue to serve as the other Joint Company Secretary of the Company. Mr. YE joined the Company in May 2019 and is the head of the General Office to the Board. He was appointed as the Joint Company Secretary in March 2023. Currently, he handles Board matters, corporate secretarial matters of the Company and its subsidiaries. Prior to joining the Company, Mr. YE worked at Beijing Zhangzhou Yifan Network Technology Co. Ltd. as an English interpreter from July 2018 to January 2019. Mr. YE received a Bachelor's Degree in Laws and a Bachelor's Degree in Economics from South China University of Technology in 2015, respectively; and subsequently received a Master 's Degree in Foreign Linguistics and Applied Linguistics from Beijing Foreign Studies University in 2018. Mr. YE has obtained the Level 2 Translation and Interpretation Proficiency Qualification Certificate through completing the China Accreditation Test for Translators and Interpreters (CATTI). Ms. LEUNG currently serves as a manager of the Listing Services Department of TMF Hong Kong Limited (a global corporate services provider) and is responsible for provision of corporate secretarial and compliance services to listed company clients. She has over 15 years of experience in the company secretarial field. Ms. LEUNG obtained a Bachelor's Degree in Business and Management Studies (Accounting and Finance) from University of Bradford and a Master's Degree in Corporate Governance from the Open University of Hong Kong (currently known as Hong Kong Metropolitan University). She is a Chartered Secretary, Chartered Governance Professional and an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. New Risk • Jun 14
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 Hong Kong stocks, typically moving 9.4% 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. Buying Opportunity • Jun 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be HK$4.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 97% in the next 2 years. Recent Insider Transactions • May 17
Executive Chairman recently bought HK$2.6m worth of stock On the 15th of May, Yu Gao bought around 678k shares on-market at roughly HK$3.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth HK$4.0m. Yu has been a buyer over the last 12 months, purchasing a net total of HK$3.8m worth in shares. Recent Insider Transactions • May 10
VP & Executive Director recently bought HK$4.0m worth of stock On the 5th of May, Xiaohui Chen bought around 1m shares on-market at roughly HK$4.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$20m more in shares than they have sold in the last 12 months. Buying Opportunity • May 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be HK$4.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 98% in the next 2 years. Reported Earnings • Mar 29
Full year 2022 earnings released: CN¥0.62 loss per share (vs CN¥0.18 loss in FY 2021) Full year 2022 results: CN¥0.62 loss per share (further deteriorated from CN¥0.18 loss in FY 2021). Revenue: CN¥1.82b (down 17% from FY 2021). Net loss: CN¥1.15b (loss widened 236% from FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Software industry in Hong Kong. Board Change • Nov 16
Less than half of directors are independent There are 7 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: 7 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Executive Chairman Yu Gao is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Naqiong Tong was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Sep 14
VP & Executive Director recently bought HK$5.4m worth of stock On the 7th of September, Xiaohui Chen bought around 1m shares on-market at roughly HK$5.43 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$23m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 24
First half 2022 earnings released: CN¥0.30 loss per share (vs CN¥0.089 profit in 1H 2021) First half 2022 results: CN¥0.30 loss per share (down from CN¥0.089 profit in 1H 2021). Revenue: CN¥881.2m (down 9.5% from 1H 2021). Net loss: CN¥561.5m (down 440% from profit in 1H 2021). Over the next year, revenue is forecast to grow 14%, compared to a 30% growth forecast for the Software industry in Hong Kong. Upcoming Dividend • May 25
Upcoming dividend of HK$0.068 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 27 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (1.0%). Buying Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 48%. The fair value is estimated to be HK$11.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 18% in a year. Earnings is forecast to grow by 82% in the next year. Reported Earnings • Apr 27
Full year 2021 earnings released: CN¥0.18 loss per share (vs CN¥0.48 loss in FY 2020) Full year 2021 results: CN¥0.18 loss per share (up from CN¥0.48 loss in FY 2020). Revenue: CN¥2.18b (up 28% from FY 2020). Net loss: CN¥344.0m (loss narrowed 51% from FY 2020). Over the next year, revenue is forecast to grow 17%, compared to a 30% growth forecast for the industry in Hong Kong. Board Change • Apr 27
Less than half of directors are independent There are 9 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: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Executive Chairman Yu Gao is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Hanhui Li was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 12
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 48%. The fair value is estimated to be HK$12.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 17% in a year. Earnings is forecast to grow by 74% in the next year. Reported Earnings • Mar 31
Full year 2021 earnings released: CN¥0.18 loss per share (vs CN¥0.48 loss in FY 2020) Full year 2021 results: CN¥0.18 loss per share (up from CN¥0.48 loss in FY 2020). Revenue: CN¥2.18b (up 28% from FY 2020). Net loss: CN¥344.0m (loss narrowed 51% from FY 2020). Over the next year, revenue is forecast to grow 16%, compared to a 30% growth forecast for the industry in Hong Kong. Board Change • Mar 22
Less than half of directors are independent There are 9 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: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Executive Chairman Yu Gao is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Hanhui Li was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Feb 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be CN¥21.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. The company became loss making over the last year. Buying Opportunity • Jan 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be CN¥22.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. The company became loss making over the last year. Recent Insider Transactions • Dec 14
VP & Executive Director recently bought HK$9.7m worth of stock On the 6th of December, Xiaohui Chen bought around 500k shares on-market at roughly HK$19.38 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$17m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 28
First half 2021 earnings released: EPS CN¥0.089 (vs CN¥0.053 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥973.7m (up 45% from 1H 2020). Net income: CN¥165.3m (up 136% from 1H 2020). Profit margin: 17% (up from 10% in 1H 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 01
Full year 2020 earnings released: CN¥0.48 loss per share (vs CN¥0.16 profit in FY 2019) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CN¥1.71b (up 35% from FY 2019). Net loss: CN¥704.5m (down 426% from profit in FY 2019).