Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Peter Jin was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Apr 25
Shanghai @hub Co.,Ltd., Annual General Meeting, May 15, 2026 Shanghai @hub Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: 1F, No. 238, Jiangchang 3rd Road, Jing'an District, Shanghai China Annuncio • Mar 30
Shanghai @hub Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shanghai @hub Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Annuncio • Dec 26
Shanghai @hub Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Annuncio • Sep 30
Shanghai @hub Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Shanghai @hub Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Annuncio • Jun 30
Shanghai @hub Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Shanghai @hub Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Annuncio • Apr 26
Shanghai @hub Co.,Ltd., Annual General Meeting, May 20, 2025 Shanghai @hub Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 1F, No. 238, Jiangchang 3rd Road, Jing'an District, Shanghai China Annuncio • Mar 28
Shanghai @hub Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shanghai @hub Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Annuncio • Dec 27
Shanghai @hub Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025 Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.054 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.054 in 3Q 2023). Revenue: CN¥404.2m (up 9.5% from 3Q 2023). Net income: CN¥34.5m (up 4.6% from 3Q 2023). Profit margin: 8.5% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 08
Upcoming dividend of CN¥0.024 per share Eligible shareholders must have bought the stock before 15 October 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥16.08, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 24x in the IT industry in China. Total loss to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.48 per share. Annuncio • Sep 30
Shanghai @hub Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shanghai @hub Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.059 (vs CN¥0.055 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.059 (up from CN¥0.055 in 2Q 2023). Revenue: CN¥397.0m (up 6.1% from 2Q 2023). Net income: CN¥34.8m (up 3.7% from 2Q 2023). Profit margin: 8.8% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT 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 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to CN¥12.42. The fair value is estimated to be CN¥15.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Jul 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥12.20. The fair value is estimated to be CN¥15.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Jul 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥12.42. The fair value is estimated to be CN¥15.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 3.9%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Annuncio • Jun 28
Shanghai @hub Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shanghai @hub Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Annuncio • Apr 29
Shanghai @hub Co.,Ltd., Annual General Meeting, May 17, 2024 Shanghai @hub Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: 1F, No. 238, Jiangchang 3rd Road, Jing'an District, Shanghai China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.079 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.079 in 1Q 2023). Revenue: CN¥381.4m (up 2.5% from 1Q 2023). Net income: CN¥35.8m (up 1.9% from 1Q 2023). Profit margin: 9.4% (in line with 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.25 in FY 2022) Full year 2023 results: EPS: CN¥0.27 (up from CN¥0.25 in FY 2022). Revenue: CN¥1.54b (up 6.0% from FY 2022). Net income: CN¥123.0m (up 7.0% from FY 2022). Profit margin: 8.0% (up from 7.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT 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. Annuncio • Mar 29
Shanghai @hub Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shanghai @hub Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.00, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the IT industry in China. Total loss to shareholders of 40% over the past three years. Annuncio • Dec 29
Shanghai @hub Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Nov 06
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: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Large one-off items impacting financial results. Buying Opportunity • Oct 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥24.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. New Risk • Sep 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in FY 2021) Full year 2022 results: EPS: CN¥0.35 (up from CN¥0.34 in FY 2021). Revenue: CN¥1.46b (up 21% from FY 2021). Net income: CN¥114.9m (up 3.5% from FY 2021). Profit margin: 7.9% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. 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. 5 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Independent Director Peter Jin was the last independent director to join the board, commencing their role in 2021. 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 30
Third quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.099 (down from CN¥0.14 in 3Q 2021). Revenue: CN¥381.2m (up 25% from 3Q 2021). Net income: CN¥32.8m (down 24% from 3Q 2021). Profit margin: 8.6% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.081 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.081 in 2Q 2021). Revenue: CN¥369.8m (up 29% from 2Q 2021). Net income: CN¥30.4m (up 8.3% from 2Q 2021). Profit margin: 8.2% (down from 9.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 24% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.10 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥342.5m (up 30% from 1Q 2021). Net income: CN¥11.2m (down 66% from 1Q 2021). Profit margin: 3.3% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 25%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (8 non-independent directors). Vice Chairman of the Board and President Zeng Li was the last director to join the board, commencing their role in 2009. 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 • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.34 (down from CN¥0.45 in FY 2020). Revenue: CN¥1.21b (up 33% from FY 2020). Net income: CN¥111.0m (down 19% from FY 2020). Profit margin: 9.2% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 29%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.17 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥304.9m (up 18% from 3Q 2020). Net income: CN¥42.9m (down 14% from 3Q 2020). Profit margin: 14% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.081 (vs CN¥0.11 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥286.6m (up 31% from 2Q 2020). Net income: CN¥28.1m (down 9.9% from 2Q 2020). Profit margin: 9.8% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 03
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.10 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¥263.3m (up 51% from 1Q 2020). Net income: CN¥32.7m (up 12% from 1Q 2020). Profit margin: 12% (down from 17% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS CN¥0.63 (vs CN¥0.52 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¥909.7m (up 25% from FY 2019). Net income: CN¥136.4m (up 24% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 11
New 90-day low: CN¥47.65 The company is down 27% from its price of CN¥64.90 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.91 per share. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥54.94 The company is down 21% from its price of CN¥69.69 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 IT industry, which is down 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.57 per share. Is New 90 Day High Low • Dec 13
New 90-day low: CN¥64.90 The company is down 11% from its price of CN¥72.65 on 14 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.26 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥127.2m, down 9.2% from the prior year. Total revenue was CN¥821.6m over the last 12 months, down 15% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 8.5% at CN¥258.3m. Revenue is forecast to grow 63% over the next year, compared to a 36% growth forecast for the IT industry in China. Is New 90 Day High Low • Oct 23
New 90-day low: CN¥65.61 The company is down 30% from its price of CN¥93.24 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.25 per share.