Annuncio • Jun 30
Guangdong Tapai Group Co., Ltd. to Report First Half, 2026 Results on Aug 11, 2026 Guangdong Tapai Group Co., Ltd. announced that they will report first half, 2026 results on Aug 11, 2026 Buy Or Sell Opportunity • Jun 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to CN¥6.97. The fair value is estimated to be CN¥8.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 2.6% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Chairman of the Supervisory Board Bin Li 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: Insufficient board refreshment. Annuncio • Mar 31
Guangdong Tapai Group Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Guangdong Tapai Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Annuncio • Mar 18
Guangdong Tapai Group Co., Ltd., Annual General Meeting, Apr 10, 2026 Guangdong Tapai Group Co., Ltd., Annual General Meeting, Apr 10, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiaoling County, Guangdong China Annuncio • Dec 31
Guangdong Tapai Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 19, 2026 Guangdong Tapai Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 19, 2026 Annuncio • Sep 30
Guangdong Tapai Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Guangdong Tapai Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Annuncio • Aug 08
Guangdong Tapai Group Co., Ltd. (SZSE:002233) announces an Equity Buyback for CNY 100 million worth of its shares. Guangdong Tapai Group Co., Ltd. (SZSE:002233) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 10 per share. The program will be funded using the company's own funds. The repurchased shares will be used for ESOP. The program will be not more than 6 months. Annuncio • Jul 02
Guangdong Tapai Group Co., Ltd. to Report First Half, 2025 Results on Aug 07, 2025 Guangdong Tapai Group Co., Ltd. announced that they will report first half, 2025 results on Aug 07, 2025 Annuncio • Apr 12
Guangdong Tapai Group Co., Ltd. Approves Cash Dividend for 2024 Guangdong Tapai Group Co., Ltd. at its Annual General Meeting held on 10 April 2025, approved cash dividend of CNY 4.50000000 per 10 shares (tax included) for 2024. Annuncio • Mar 31
Guangdong Tapai Group Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Guangdong Tapai Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Annuncio • Mar 19
Guangdong Tapai Group Co., Ltd. Proposes Final Dividend for the Year 2024 On March 18, 2025, Guangdong Tapai Group Co., Ltd. proposed final profit distribution of cash dividend/10 shares (tax included) of CNY 4.50000000 for the year 2024. Annuncio • Mar 18
Guangdong Tapai Group Co., Ltd., Annual General Meeting, Apr 10, 2025 Guangdong Tapai Group Co., Ltd., Annual General Meeting, Apr 10, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiaoling County, Guangdong China Annuncio • Dec 31
Guangdong Tapai Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 18, 2025 Guangdong Tapai Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 18, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥953.9m (down 23% from 3Q 2023). Net income: CN¥154.9m (up 20% from 3Q 2023). Profit margin: 16% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Basic Materials 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 9% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Guangdong Tapai Group Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Guangdong Tapai Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Basic Materials industry in China. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.90 per share. Buy Or Sell Opportunity • Aug 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to CN¥7.16. The fair value is estimated to be CN¥9.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 3.8% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% 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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 122% Cash payout ratio: 386% Minor Risk Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Annuncio • Jun 29
Guangdong Tapai Group Co., Ltd. to Report First Half, 2024 Results on Aug 06, 2024 Guangdong Tapai Group Co., Ltd. announced that they will report first half, 2024 results on Aug 06, 2024 Declared Dividend • Apr 25
Dividend increased to CN¥0.50 Dividend of CN¥0.50 is 317% higher than last year. Ex-date: 30th April 2024 Payment date: 30th April 2024 Dividend yield will be 6.6%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.20 in 1Q 2023). Revenue: CN¥993.3m (down 24% from 1Q 2023). Net income: CN¥148.9m (down 36% from 1Q 2023). Profit margin: 15% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Basic Materials 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 15% per year, which means it has not declined as severely as earnings. Annuncio • Mar 30
Guangdong Tapai Group Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Guangdong Tapai Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.64 (vs CN¥0.23 in FY 2022) Full year 2023 results: EPS: CN¥0.64 (up from CN¥0.23 in FY 2022). Revenue: CN¥5.53b (down 8.3% from FY 2022). Net income: CN¥741.5m (up 179% from FY 2022). Profit margin: 13% (up from 4.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Basic Materials 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. Annuncio • Dec 29
Guangdong Tapai Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 15, 2024 Guangdong Tapai Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 15, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.062 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.062 loss in 3Q 2022). Revenue: CN¥1.25b (down 18% from 3Q 2022). Net income: CN¥128.7m (up CN¥198.8m from 3Q 2022). Profit margin: 10% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials 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 16% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 07
Now 21% undervalued Over the last 90 days, the stock is up 8.3%. The fair value is estimated to be CN¥11.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 4.6% in 2 years. Earnings is forecast to grow by 46% in the next 2 years. New Risk • Jul 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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. Profit margins are more than 30% lower than last year (9.1% net profit margin). Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.094 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.094 in 2Q 2022). Revenue: CN¥1.56b (up 16% from 2Q 2022). Net income: CN¥252.9m (up 107% from 2Q 2022). Profit margin: 16% (up from 9.1% in 2Q 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Annuncio • Jul 01
Guangdong Tapai Group Co., Ltd. to Report First Half, 2023 Results on Aug 08, 2023 Guangdong Tapai Group Co., Ltd. announced that they will report first half, 2023 results on Aug 08, 2023 Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: CN¥0.23 (vs CN¥1.57 in FY 2021) Full year 2022 results: EPS: CN¥0.23 (down from CN¥1.57 in FY 2021). Revenue: CN¥6.03b (down 22% from FY 2021). Net income: CN¥266.2m (down 86% from FY 2021). Profit margin: 4.4% (down from 24% in FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: CN¥0.23 (vs CN¥1.57 in FY 2021) Full year 2022 results: EPS: CN¥0.23 (down from CN¥1.57 in FY 2021). Revenue: CN¥6.03b (down 22% from FY 2021). Net income: CN¥266.2m (down 86% from FY 2021). Profit margin: 4.4% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buying Opportunity • Feb 16
Now 21% undervalued Over the last 90 days, the stock is up 3.5%. The fair value is estimated to be CN¥9.78, 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 13%. Revenue is forecast to grow by 6.5% in 2 years. Earnings is forecast to grow by 13% in the next 2 years. Board Change • Nov 16
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 an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chunbo Jiang 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. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.062 loss per share (vs CN¥0.34 profit in 3Q 2021) Third quarter 2022 results: CN¥0.062 loss per share (down from CN¥0.34 profit in 3Q 2021). Revenue: CN¥1.52b (down 5.5% from 3Q 2021). Net loss: CN¥70.1m (down 118% from profit in 3Q 2021). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: CN¥0.096 (vs CN¥0.48 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.096 (down from CN¥0.48 in 2Q 2021). Revenue: CN¥1.34b (down 37% from 2Q 2021). Net income: CN¥122.1m (down 78% from 2Q 2021). Profit margin: 9.1% (down from 26% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 27%, compared to a 18% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Chunbo Jiang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.30 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.30 in 1Q 2021). Revenue: CN¥1.25b (down 16% from 1Q 2021). Net income: CN¥52.6m (down 85% from 1Q 2021). Profit margin: 4.2% (down from 23% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in China. 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥1.57 (up from CN¥1.51 in FY 2020). Revenue: CN¥7.71b (up 9.5% from FY 2020). Net income: CN¥1.84b (up 3.0% from FY 2020). Profit margin: 24% (down from 25% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 16%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.39 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥1.61b (down 14% from 3Q 2020). Net income: CN¥397.8m (down 13% from 3Q 2020). Profit margin: 25% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥11.48, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥12.63, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Basic Materials industry in China. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.55 per share. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CN¥0.48 (vs CN¥0.51 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¥2.13b (up 18% from 2Q 2020). Net income: CN¥562.9m (down 5.5% from 2Q 2020). Profit margin: 26% (down from 33% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.27 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.50b (up 51% from 1Q 2020). Net income: CN¥351.7m (up 8.8% from 1Q 2020). Profit margin: 23% (down from 33% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥1.51 (vs CN¥1.46 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.05b (up 2.3% from FY 2019). Net income: CN¥1.78b (up 2.8% from FY 2019). Profit margin: 25% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 13%, compared to a 22% growth forecast for the Basic Materials industry in China. Is New 90 Day High Low • Jan 18
New 90-day low: CN¥12.39 The company is down 13% from its price of CN¥14.21 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥28.10 per share. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥12.88 The company is down 12% from its price of CN¥14.69 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 Basic Materials industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥28.10 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.06b, up 35% from the prior year. Total revenue was CN¥7.13b over the last 12 months, up 9.0% from the prior year. Is New 90 Day High Low • Oct 23
New 90-day low: CN¥13.43 The company is down 1.0% from its price of CN¥13.55 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥28.80 per share.