View DividendGiant Network Group GestioneCriteri Gestione verificati 3/4Al momento non disponiamo di informazioni sufficienti sull'amministratore delegato.Informazioni chiaveWei LiuAmministratore delegatoCN¥3.2mCompenso totalePercentuale dello stipendio del CEOn/aMandato del CEOless than a yearProprietà del CEOn/aDurata media del management6.3yrsDurata media del Consiglio di amministrazione5.5yrsAggiornamenti recenti sulla gestioneBoard Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Annuncio • Apr 28Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai ChinaAnnuncio • Apr 25Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai ChinaAnnuncio • May 01Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai ChinaBoard Change • Jun 03High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Annuncio • May 25+ 1 more updateGiant Network Group Co., Ltd. Announces Board AppointmentsGiant Network Group Co., Ltd. held its Annual General Meeting of 2022 on 22 May 2023 approved the appointment Gu Wenxian, Ling Hong, ZHOU DONGSHENG as independent directors. Tang Min non-employee supervisors.Mostra tutti gli aggiornamentiRecent updatesValuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥25.26, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Entertainment industry in China. Total returns to shareholders of 91% over the past three years.Annuncio • Jun 30Giant Network Group Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Giant Network Group Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥27.73, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 26x in the Entertainment industry in China. Total returns to shareholders of 48% over the past three years.Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • May 29Dividend of CN¥0.19 announcedShareholders will receive a dividend of CN¥0.19. Ex-date: 1st June 2026 Payment date: 1st June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Annuncio • May 29Giant Network Announces Final Profit Distribution Plan to Be Implemented on A Share for 2025, Payable on June 1, 2026Giant Network announced a final profit distribution plan to be implemented on A share with cash dividend of CNY 1.900 per 10 shares for 2025. The record date is May 29, 2026, and the payment date is June 1, 2026. The ex-date is June 1, 2026.Annuncio • Apr 28Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai ChinaAnnuncio • Mar 31Giant Network Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Giant Network Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026Annuncio • Dec 31Giant Network Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Giant Network Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026Annuncio • Sep 30Giant Network Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Giant Network Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025Annuncio • Sep 16Giant Network Group Co., Ltd. Approves Interim Dividend for 2025Giant Network Group Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 12 September 2025, approved interim Cash dividend/10 shares (tax included): CNY1.50000000 for 2025.Annuncio • Aug 29Giant Network Group Co., Ltd. Proposes 2025 Interim Profit Cash DividendGiant Network Group Co., Ltd. proposed 2025 interim profit Cash dividend (tax included): CNY 1.50000000 per share, at its EGM, to be held on 12 September 2025.Annuncio • Jul 02Giant Network Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025Giant Network Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025Annuncio • May 17Giant Network Group Co., Ltd. Approves Cash Dividend for 2024Giant Network Group Co., Ltd. at its Annual General Meeting of 2024 on 15 May 2025, approved Cash dividend (tax included): CNY 1.40000000 per ten shares for 2024.Annuncio • Apr 25Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai ChinaAnnuncio • Mar 31Giant Network Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Giant Network Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025Annuncio • Dec 31Giant Network Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025Giant Network Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.23 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.23 in 3Q 2023). Revenue: CN¥791.3m (down 3.9% from 3Q 2023). Net income: CN¥353.1m (down 16% from 3Q 2023). Profit margin: 45% (down from 51% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.Buy Or Sell Opportunity • Oct 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 41% to CN¥12.45. The fair value is estimated to be CN¥10.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 5.7%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.Annuncio • Sep 30Giant Network Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Giant Network Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥10.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Entertainment industry in China. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.61 per share.Declared Dividend • Sep 22First half dividend of CN¥0.14 announcedShareholders will receive a dividend of CN¥0.14. Ex-date: 27th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Annuncio • Sep 21Giant Network Group Co., Ltd. Announces 2024 Interim Profit Distribution Plan (A Shares), Payable September 27, 2024Giant Network Group Co., Ltd. announced 2024 interim profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included): CNY1.40000000. Record date: 26 September 2024, Ex-date: 27 September 2024, Payment date: 27 September 2024.Annuncio • Sep 20Giant Network Group Co., Ltd. Approves Interim Dividend for the Year 2024Giant Network Group Co., Ltd. approved at its EGM held on 18 September 2024 the interim cash dividend/10 shares (tax included) of CNY 1.40000000 for the year 2024.Annuncio • Aug 31Giant Network Group Co., Ltd. Announces Interim Dividend Distribution Proposal for the First Half of 2024Giant Network Group Co., Ltd. announced the profit distribution proposal (interim dividend) (tax included) of CNY 1.4 per ten shares for the first half of 2024.Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.23 in 2Q 2023). Revenue: CN¥730.7m (down 22% from 2Q 2023). Net income: CN¥365.3m (down 13% from 2Q 2023). Profit margin: 50% (up from 45% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Annuncio • Jun 29Giant Network Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Giant Network Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024Declared Dividend • Jun 01Dividend of CN¥0.08 announcedShareholders will receive a dividend of CN¥0.08. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Annuncio • May 31Giant Network Group Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 06 June 2024Giant Network Group Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend (tax included) of CNY 0.80000000 per 10 shares. Record date of 05 June 2024. Ex-date of 06 June 2024. Payment date on 06 June 2024.Annuncio • May 02Giant Network Group Co., Ltd. Proposes Final Cash Dividend for the Year 2023Giant Network Group Co., Ltd. announced on 30 April 2024 the profit distribution proposal for the year 2023 as final cash dividend per ten shares (tax included) of CNY 0.80000000.Annuncio • May 01Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai ChinaReported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥696.4m (up 37% from 1Q 2023). Net income: CN¥352.4m (up 44% from 1Q 2023). Profit margin: 51% (up from 48% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Entertainment 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 5% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Apr 24Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 8.2% to CN¥11.07. The fair value is estimated to be CN¥8.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 50% in the next 2 years.Annuncio • Mar 30Giant Network Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Giant Network Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Buy Or Sell Opportunity • Feb 27Now 24% overvaluedOver the last 90 days, the stock has fallen 8.0% to CN¥11.17. The fair value is estimated to be CN¥9.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Entertainment industry in China. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.18 per share.Buy Or Sell Opportunity • Jan 24Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to CN¥9.93. The fair value is estimated to be CN¥8.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.Annuncio • Dec 29Giant Network Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Giant Network Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to CN¥10.86, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Entertainment industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.35 per share.Annuncio • Dec 27Giant Network Group Co., Ltd. (SZSE:002558) announces an Equity Buyback for CNY 200 million worth of its shares.Giant Network Group Co., Ltd. (SZSE:002558) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 20 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥14.49, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Entertainment industry in China. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.45 per share.Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.15 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥823.8m (up 62% from 3Q 2022). Net income: CN¥421.2m (up 52% from 3Q 2022). Profit margin: 51% (down from 54% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Annuncio • Sep 30Giant Network Group Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023Giant Network Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023Annuncio • Sep 21Giant Network Group Co., Ltd. Approves Interim Profit Distribution for 2023, Payable on 27 September 2023Giant Network Group Co., Ltd. at the Extraordinary General Meeting of 2023 on 18 September 2023 approved 2023 interim profit distribution plan. The detailed profit distribution plan are as follows: Cash dividend per 10 shares (tax included): CNY 1.30000000. Record date: 26 September 2023. Ex-date: 27 September 2023. Payment date: 27 September 2023.Annuncio • Sep 01Giant Network Group Co., Ltd. Proposes Dividend for the First Half of 2023Giant Network Group Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY1.30000000 for the first half of 2023.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥935.9m (up 94% from 2Q 2022). Net income: CN¥418.8m (up 84% from 2Q 2022). Profit margin: 45% (down from 47% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥16.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Entertainment industry in China. Total loss to shareholders of 19% over the past three years.Board Change • Jun 03High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Annuncio • May 31Giant Network Group Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 05 June 2023Giant Network Group Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.60000000 for the year 2022, payable on 05 June 2023. Record date is 02 June 2023. Ex-date is 05 June 2023.Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥20.14, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in China. Total returns to shareholders of 25% over the past three years.Annuncio • May 25+ 1 more updateGiant Network Group Co., Ltd. Announces Board AppointmentsGiant Network Group Co., Ltd. held its Annual General Meeting of 2022 on 22 May 2023 approved the appointment Gu Wenxian, Ling Hong, ZHOU DONGSHENG as independent directors. Tang Min non-employee supervisors.Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥18.79, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Entertainment industry in China. Total returns to shareholders of 14% over the past three years.Annuncio • May 06+ 1 more updateGiant Network Group Co., Ltd., Annual General Meeting, May 22, 2023Giant Network Group Co., Ltd., Annual General Meeting, May 22, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Reappointment of audit firm;to consider election of non-independent directors; and to consider other matters.Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.14 in 1Q 2022). Revenue: CN¥507.5m (down 13% from 1Q 2022). Net income: CN¥244.8m (down 9.7% from 1Q 2022). Profit margin: 48% (up from 47% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥15.40, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Entertainment industry in China. Total loss to shareholders of 6.6% over the past three years.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥12.21, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Entertainment industry in China. Total loss to shareholders of 25% over the past three years.Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥508.6m (flat on 3Q 2021). Net income: CN¥276.5m (down 8.0% from 3Q 2021). Profit margin: 54% (down from 59% in 3Q 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Entertainment industry in China. 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 25% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2021). Revenue: CN¥483.5m (up 3.1% from 2Q 2021). Net income: CN¥228.2m (down 10.0% from 2Q 2021). Profit margin: 47% (down from 54% in 2Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 30% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.16 in 1Q 2021). Revenue: CN¥580.4m (up 2.4% from 1Q 2021). Net income: CN¥271.0m (down 15% from 1Q 2021). Profit margin: 47% (down from 56% in 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥13.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Entertainment industry in China. Total loss to shareholders of 32% over the past three years.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.16 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥506.3m (flat on 3Q 2020). Net income: CN¥300.4m (down 3.4% from 3Q 2020). Profit margin: 59% (down from 62% in 3Q 2020).Reported Earnings
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Annuncio • Apr 28Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China
Annuncio • Apr 25Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China
Annuncio • May 01Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China
Board Change • Jun 03High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Annuncio • May 25+ 1 more updateGiant Network Group Co., Ltd. Announces Board AppointmentsGiant Network Group Co., Ltd. held its Annual General Meeting of 2022 on 22 May 2023 approved the appointment Gu Wenxian, Ling Hong, ZHOU DONGSHENG as independent directors. Tang Min non-employee supervisors.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥25.26, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Entertainment industry in China. Total returns to shareholders of 91% over the past three years.
Annuncio • Jun 30Giant Network Group Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Giant Network Group Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥27.73, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 26x in the Entertainment industry in China. Total returns to shareholders of 48% over the past three years.
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • May 29Dividend of CN¥0.19 announcedShareholders will receive a dividend of CN¥0.19. Ex-date: 1st June 2026 Payment date: 1st June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Annuncio • May 29Giant Network Announces Final Profit Distribution Plan to Be Implemented on A Share for 2025, Payable on June 1, 2026Giant Network announced a final profit distribution plan to be implemented on A share with cash dividend of CNY 1.900 per 10 shares for 2025. The record date is May 29, 2026, and the payment date is June 1, 2026. The ex-date is June 1, 2026.
Annuncio • Apr 28Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026Giant Network Group Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China
Annuncio • Mar 31Giant Network Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Giant Network Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Annuncio • Dec 31Giant Network Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Giant Network Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026
Annuncio • Sep 30Giant Network Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Giant Network Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
Annuncio • Sep 16Giant Network Group Co., Ltd. Approves Interim Dividend for 2025Giant Network Group Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 12 September 2025, approved interim Cash dividend/10 shares (tax included): CNY1.50000000 for 2025.
Annuncio • Aug 29Giant Network Group Co., Ltd. Proposes 2025 Interim Profit Cash DividendGiant Network Group Co., Ltd. proposed 2025 interim profit Cash dividend (tax included): CNY 1.50000000 per share, at its EGM, to be held on 12 September 2025.
Annuncio • Jul 02Giant Network Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025Giant Network Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025
Annuncio • May 17Giant Network Group Co., Ltd. Approves Cash Dividend for 2024Giant Network Group Co., Ltd. at its Annual General Meeting of 2024 on 15 May 2025, approved Cash dividend (tax included): CNY 1.40000000 per ten shares for 2024.
Annuncio • Apr 25Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025Giant Network Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China
Annuncio • Mar 31Giant Network Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025Giant Network Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
Annuncio • Dec 31Giant Network Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025Giant Network Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.23 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.23 in 3Q 2023). Revenue: CN¥791.3m (down 3.9% from 3Q 2023). Net income: CN¥353.1m (down 16% from 3Q 2023). Profit margin: 45% (down from 51% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.
Buy Or Sell Opportunity • Oct 25Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 41% to CN¥12.45. The fair value is estimated to be CN¥10.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 5.7%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.
Annuncio • Sep 30Giant Network Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Giant Network Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥10.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Entertainment industry in China. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.61 per share.
Declared Dividend • Sep 22First half dividend of CN¥0.14 announcedShareholders will receive a dividend of CN¥0.14. Ex-date: 27th September 2024 Payment date: 27th September 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Annuncio • Sep 21Giant Network Group Co., Ltd. Announces 2024 Interim Profit Distribution Plan (A Shares), Payable September 27, 2024Giant Network Group Co., Ltd. announced 2024 interim profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included): CNY1.40000000. Record date: 26 September 2024, Ex-date: 27 September 2024, Payment date: 27 September 2024.
Annuncio • Sep 20Giant Network Group Co., Ltd. Approves Interim Dividend for the Year 2024Giant Network Group Co., Ltd. approved at its EGM held on 18 September 2024 the interim cash dividend/10 shares (tax included) of CNY 1.40000000 for the year 2024.
Annuncio • Aug 31Giant Network Group Co., Ltd. Announces Interim Dividend Distribution Proposal for the First Half of 2024Giant Network Group Co., Ltd. announced the profit distribution proposal (interim dividend) (tax included) of CNY 1.4 per ten shares for the first half of 2024.
Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.23 in 2Q 2023). Revenue: CN¥730.7m (down 22% from 2Q 2023). Net income: CN¥365.3m (down 13% from 2Q 2023). Profit margin: 50% (up from 45% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Annuncio • Jun 29Giant Network Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Giant Network Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
Declared Dividend • Jun 01Dividend of CN¥0.08 announcedShareholders will receive a dividend of CN¥0.08. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Annuncio • May 31Giant Network Group Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 06 June 2024Giant Network Group Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend (tax included) of CNY 0.80000000 per 10 shares. Record date of 05 June 2024. Ex-date of 06 June 2024. Payment date on 06 June 2024.
Annuncio • May 02Giant Network Group Co., Ltd. Proposes Final Cash Dividend for the Year 2023Giant Network Group Co., Ltd. announced on 30 April 2024 the profit distribution proposal for the year 2023 as final cash dividend per ten shares (tax included) of CNY 0.80000000.
Annuncio • May 01Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024Giant Network Group Co., Ltd., Annual General Meeting, May 27, 2024, at 14:30 China Standard Time. Location: No. 655, Zhongchen Road, Songjiang District, Shanghai China
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥696.4m (up 37% from 1Q 2023). Net income: CN¥352.4m (up 44% from 1Q 2023). Profit margin: 51% (up from 48% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Entertainment 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 5% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Apr 24Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 8.2% to CN¥11.07. The fair value is estimated to be CN¥8.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 50% in the next 2 years.
Annuncio • Mar 30Giant Network Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Giant Network Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Buy Or Sell Opportunity • Feb 27Now 24% overvaluedOver the last 90 days, the stock has fallen 8.0% to CN¥11.17. The fair value is estimated to be CN¥9.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Entertainment industry in China. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.18 per share.
Buy Or Sell Opportunity • Jan 24Now 20% overvaluedOver the last 90 days, the stock has fallen 12% to CN¥9.93. The fair value is estimated to be CN¥8.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 51% in the next 2 years.
Annuncio • Dec 29Giant Network Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Giant Network Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to CN¥10.86, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Entertainment industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.35 per share.
Annuncio • Dec 27Giant Network Group Co., Ltd. (SZSE:002558) announces an Equity Buyback for CNY 200 million worth of its shares.Giant Network Group Co., Ltd. (SZSE:002558) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 20 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥14.49, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Entertainment industry in China. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.45 per share.
Reported Earnings • Nov 02Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.15 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥823.8m (up 62% from 3Q 2022). Net income: CN¥421.2m (up 52% from 3Q 2022). Profit margin: 51% (down from 54% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Annuncio • Sep 30Giant Network Group Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023Giant Network Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023
Annuncio • Sep 21Giant Network Group Co., Ltd. Approves Interim Profit Distribution for 2023, Payable on 27 September 2023Giant Network Group Co., Ltd. at the Extraordinary General Meeting of 2023 on 18 September 2023 approved 2023 interim profit distribution plan. The detailed profit distribution plan are as follows: Cash dividend per 10 shares (tax included): CNY 1.30000000. Record date: 26 September 2023. Ex-date: 27 September 2023. Payment date: 27 September 2023.
Annuncio • Sep 01Giant Network Group Co., Ltd. Proposes Dividend for the First Half of 2023Giant Network Group Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY1.30000000 for the first half of 2023.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥935.9m (up 94% from 2Q 2022). Net income: CN¥418.8m (up 84% from 2Q 2022). Profit margin: 45% (down from 47% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥16.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Entertainment industry in China. Total loss to shareholders of 19% over the past three years.
Board Change • Jun 03High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Wenxian Gu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Annuncio • May 31Giant Network Group Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 05 June 2023Giant Network Group Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.60000000 for the year 2022, payable on 05 June 2023. Record date is 02 June 2023. Ex-date is 05 June 2023.
Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥20.14, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Entertainment industry in China. Total returns to shareholders of 25% over the past three years.
Annuncio • May 25+ 1 more updateGiant Network Group Co., Ltd. Announces Board AppointmentsGiant Network Group Co., Ltd. held its Annual General Meeting of 2022 on 22 May 2023 approved the appointment Gu Wenxian, Ling Hong, ZHOU DONGSHENG as independent directors. Tang Min non-employee supervisors.
Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥18.79, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Entertainment industry in China. Total returns to shareholders of 14% over the past three years.
Annuncio • May 06+ 1 more updateGiant Network Group Co., Ltd., Annual General Meeting, May 22, 2023Giant Network Group Co., Ltd., Annual General Meeting, May 22, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Reappointment of audit firm;to consider election of non-independent directors; and to consider other matters.
Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.14 in 1Q 2022). Revenue: CN¥507.5m (down 13% from 1Q 2022). Net income: CN¥244.8m (down 9.7% from 1Q 2022). Profit margin: 48% (up from 47% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥15.40, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the Entertainment industry in China. Total loss to shareholders of 6.6% over the past three years.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥12.21, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Entertainment industry in China. Total loss to shareholders of 25% over the past three years.
Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥508.6m (flat on 3Q 2021). Net income: CN¥276.5m (down 8.0% from 3Q 2021). Profit margin: 54% (down from 59% in 3Q 2021). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Entertainment industry in China. 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 25% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2021). Revenue: CN¥483.5m (up 3.1% from 2Q 2021). Net income: CN¥228.2m (down 10.0% from 2Q 2021). Profit margin: 47% (down from 54% in 2Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 30% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.16 in 1Q 2021). Revenue: CN¥580.4m (up 2.4% from 1Q 2021). Net income: CN¥271.0m (down 15% from 1Q 2021). Profit margin: 47% (down from 56% in 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥13.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Entertainment industry in China. Total loss to shareholders of 32% over the past three years.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.16 in 3Q 2020)The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥506.3m (flat on 3Q 2020). Net income: CN¥300.4m (down 3.4% from 3Q 2020). Profit margin: 59% (down from 62% in 3Q 2020).