Annuncio • Jun 30
Joeone Co.,Ltd to Report First Half, 2026 Results on Aug 25, 2026 Joeone Co.,Ltd announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Luxury industry in China. Total loss to shareholders of 1.1% over the past three years. Declared Dividend • May 30
Dividend increased to CN¥0.50 Dividend of CN¥0.50 is 67% higher than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (168% earnings payout ratio). However, it is covered by cash flows (56% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 86% to bring the payout ratio under control. EPS is expected to grow by 33% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Board Change • May 20
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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Zuyun Xue 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. Insufficient board refreshment. Annuncio • Apr 24
Joeone Co.,Ltd, Annual General Meeting, May 15, 2026 Joeone Co.,Ltd, Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: 5F, No. 1, Yilan Road, Siming District, Xiamen, Fujian China Annuncio • Mar 30
Joeone Co.,Ltd to Report Q1, 2026 Results on Apr 24, 2026 Joeone Co.,Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Annuncio • Dec 26
Joeone Co.,Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Joeone Co.,Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 Annuncio • Sep 30
Joeone Co.,Ltd to Report Q3, 2025 Results on Oct 29, 2025 Joeone Co.,Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jun 30
Joeone Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Joeone Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • Apr 25
Joeone Co.,Ltd, Annual General Meeting, May 16, 2025 Joeone Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: 5F, No. 1, Yilan Road, Siming District, Xiamen, Fujian China Annuncio • Mar 28
Joeone Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Joeone Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Annuncio • Dec 27
Joeone Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Joeone Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.007 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.007 in 3Q 2023). Revenue: CN¥690.6m (down 6.3% from 3Q 2023). Net income: CN¥85.1m (up CN¥81.2m from 3Q 2023). Profit margin: 12% (up from 0.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥8.15, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Luxury industry in China. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.11 per share. Annuncio • Sep 30
Joeone Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Joeone Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.008 loss in 2Q 2023) Second quarter 2024 results: CN¥0.11 loss per share (further deteriorated from CN¥0.008 loss in 2Q 2023). Revenue: CN¥635.7m (up 1.2% from 2Q 2023). Net loss: CN¥58.2m (loss widened CN¥53.4m from 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Annuncio • Jun 28
Joeone Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024 Joeone Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.17 in 1Q 2023). Revenue: CN¥939.8m (up 22% from 1Q 2023). Net income: CN¥108.2m (up 11% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in China. 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 4% per year, which means it has not declined as severely as earnings. Annuncio • Apr 27
Joeone Co.,Ltd, Annual General Meeting, May 16, 2024 Joeone Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 5F, No. 1, Yilan Road, Siming District, Xiamen, Fujian China Annuncio • Mar 30
Joeone Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Joeone Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Feb 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to CN¥8.81. The fair value is estimated to be CN¥11.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 74%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 258% in the next 2 years. Buy Or Sell Opportunity • Feb 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CN¥7.83. The fair value is estimated to be CN¥10.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 74%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 258% in the next 2 years. 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¥9.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Luxury industry in China. Total returns to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.17 per share. New Risk • Feb 01
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥12.11, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Luxury industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.28 per share. Annuncio • Dec 30
Joeone Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Joeone Co.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.007 (vs CN¥0.029 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.007 (up from CN¥0.029 loss in 3Q 2022). Revenue: CN¥737.3m (up 11% from 3Q 2022). Net income: CN¥3.86m (up CN¥20.6m from 3Q 2022). Profit margin: 0.5% (up from net loss in 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Annuncio • Sep 30
Joeone Co.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Joeone Co.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: CN¥0.008 loss per share (vs CN¥0.004 loss in 2Q 2022) Second quarter 2023 results: CN¥0.008 loss per share (further deteriorated from CN¥0.004 loss in 2Q 2022). Revenue: CN¥628.3m (up 21% from 2Q 2022). Net loss: CN¥4.80m (loss widened 89% from 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Buying Opportunity • Aug 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥12.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 61%. Revenue is forecast to grow by 43% in 2 years. Earnings is forecast to grow by 592% in the next 2 years. New Risk • Jul 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 6.4% 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: Minor Risks Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.10 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.10 loss in 1Q 2022). Revenue: CN¥772.3m (flat on 1Q 2022). Net income: CN¥97.2m (up CN¥154.7m from 1Q 2022). Profit margin: 13% (up from net loss in 1Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Luxury 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 increased by 3% per year, which means it is well ahead of earnings. 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. 5 non-independent directors. Independent Director Zhi Rong Mu 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. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.10 loss per share (vs CN¥0.12 loss in 3Q 2021) Third quarter 2022 results: CN¥0.10 loss per share (improved from CN¥0.12 loss in 3Q 2021). Revenue: CN¥664.4m (down 14% from 3Q 2021). Net loss: CN¥55.4m (loss narrowed 21% from 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 56% 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. Board Change • Sep 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Zhi Rong Mu 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. Reported Earnings • Aug 27
Second quarter 2022 earnings released: CN¥0.004 loss per share (vs CN¥0.04 profit in 2Q 2021) Second quarter 2022 results: CN¥0.004 loss per share (down from CN¥0.04 profit in 2Q 2021). Revenue: CN¥520.9m (down 11% from 2Q 2021). Net loss: CN¥2.53m (down 111% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Jun 11
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Vice Chairman of the Board Jia Pin Chen was the last 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. Insufficient board refreshment. Reported Earnings • Apr 27
First quarter 2022 earnings released: CN¥0.10 loss per share (vs CN¥0.17 profit in 1Q 2021) First quarter 2022 results: CN¥0.10 loss per share (down from CN¥0.17 profit in 1Q 2021). Revenue: CN¥765.8m (down 5.6% from 1Q 2021). Net loss: CN¥57.5m (down 158% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.12 loss per share (vs CN¥0.12 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥775.9m (up 22% from 3Q 2020). Net loss: CN¥70.0m (down 200% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.25 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥584.8m (up 7.8% from 2Q 2020). Net income: CN¥23.5m (down 84% from 2Q 2020). Profit margin: 4.0% (down from 26% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥13.93, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 24x in the Luxury industry in China. Total returns to shareholders of 14% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.11 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥811.4m (up 40% from 1Q 2020). Net income: CN¥99.0m (up 57% from 1Q 2020). Profit margin: 12% (up from 11% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥10.54 The company is down 11% from its price of CN¥11.83 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 12% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥10.85 The company is down 10.0% from its price of CN¥12.03 on 11 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 Luxury industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: CN¥13.50 The company is up 42% from its price of CN¥9.49 on 25 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 Luxury industry, which is up 1.0% over the same period. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 18% share price gain to CN¥13.50, the stock is trading at a trailing P/E ratio of 26.8x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 32x in the Luxury industry in China. Total returns to shareholders over the past three years are 17%. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥264.9m, down 53% from the prior year. Total revenue was CN¥2.59b over the last 12 months, down 8.6% from the prior year.