Declared Dividend • May 11
Dividend increased to CN¥0.65 Dividend of CN¥0.65 is 8.3% higher than last year. Ex-date: 13th May 2026 Payment date: 13th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 8.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Mar 30
China Master Logistics Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 China Master Logistics Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥0.75 (vs CN¥0.73 in FY 2024) Full year 2025 results: EPS: CN¥0.75 (up from CN¥0.73 in FY 2024). Revenue: CN¥8.85b (down 25% from FY 2024). Net income: CN¥260.8m (up 3.2% from FY 2024). Profit margin: 2.9% (up from 2.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 26
China Master Logistics Co., Ltd., Annual General Meeting, Apr 17, 2026 China Master Logistics Co., Ltd., Annual General Meeting, Apr 17, 2026, at 15:00 China Standard Time. Location: 25F, No. 169, Shenzhen Road, Laoshan District, Qingdao, Shandong China Annuncio • Dec 26
China Master Logistics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 China Master Logistics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.20 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (down from CN¥0.20 in 3Q 2024). Revenue: CN¥2.30b (down 36% from 3Q 2024). Net income: CN¥64.9m (down 4.5% from 3Q 2024). Profit margin: 2.8% (up from 1.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Annuncio • Sep 30
China Master Logistics Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 China Master Logistics Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Annuncio • Jun 30
China Master Logistics Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 China Master Logistics Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Declared Dividend • May 14
Dividend increased to CN¥0.60 Dividend of CN¥0.60 is 20% higher than last year. Ex-date: 15th May 2025 Payment date: 15th May 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥11.42, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 11x in the Logistics industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥13.43, the stock trades at a trailing P/E ratio of 18.4x. Average forward P/E is 13x in the Logistics industry in China. Total returns to shareholders of 46% over the past three years. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.73 (vs CN¥0.69 in FY 2023) Full year 2024 results: EPS: CN¥0.73 (up from CN¥0.69 in FY 2023). Revenue: CN¥11.8b (up 60% from FY 2023). Net income: CN¥252.7m (up 5.2% from FY 2023). Profit margin: 2.1% (down from 3.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Logistics industry in China are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Annuncio • Mar 29
China Master Logistics Co., Ltd., Annual General Meeting, Apr 21, 2025 China Master Logistics Co., Ltd., Annual General Meeting, Apr 21, 2025, at 14:30 China Standard Time. Location: 2F, No. 169, Shenzhen Road, Laoshan District, Qingdao, Shandong China Annuncio • Mar 28
China Master Logistics Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 China Master Logistics Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Annuncio • Dec 27
China Master Logistics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 China Master Logistics Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥3.59b (up 82% from 3Q 2023). Net income: CN¥67.9m (up 16% from 3Q 2023). Profit margin: 1.9% (down from 3.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Annuncio • Sep 30
China Master Logistics Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 China Master Logistics Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥9.81, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Logistics industry in China. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.78 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.22 in 2Q 2023). Revenue: CN¥3.18b (up 75% from 2Q 2023). Net income: CN¥69.7m (down 5.4% from 2Q 2023). Profit margin: 2.2% (down from 4.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics 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. Annuncio • Jun 28
China Master Logistics Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 China Master Logistics Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Apr 15
Now 20% overvalued Over the last 90 days, the stock has fallen 4.6% to CN¥9.65. The fair value is estimated to be CN¥8.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 10%. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥11.42, the stock trades at a trailing P/E ratio of 16.5x. Average forward P/E is 13x in the Logistics industry in China. Total returns to shareholders of 28% over the past three years. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: CN¥0.69 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥0.69 (down from CN¥0.70 in FY 2022). Revenue: CN¥7.40b (down 38% from FY 2022). Net income: CN¥240.2m (down 1.5% from FY 2022). Profit margin: 3.2% (up from 2.1% in FY 2022). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings. Annuncio • Mar 30
China Master Logistics Co., Ltd., Annual General Meeting, Apr 19, 2024 China Master Logistics Co., Ltd., Annual General Meeting, Apr 19, 2024, at 15:00 China Standard Time. Location: 2F, No. 169, Shenzhen Road, Laoshan District, Qingdao, Shandong China Annuncio • Mar 29
China Master Logistics Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 China Master Logistics Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Buy Or Sell Opportunity • Mar 20
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to CN¥8.95. The fair value is estimated to be CN¥7.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥7.83, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 20x in the Logistics industry in China. Total loss to shareholders of 1.8% over the past three years. Annuncio • Dec 29
China Master Logistics Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 China Master Logistics Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥12.50, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 22x in the Logistics industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.20 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.20 in 3Q 2022). Revenue: CN¥1.98b (down 37% from 3Q 2022). Net income: CN¥58.6m (down 17% from 3Q 2022). Profit margin: 3.0% (up from 2.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥1.82b (down 48% from 2Q 2022). Net income: CN¥73.7m (up 7.6% from 2Q 2022). Profit margin: 4.0% (up from 1.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Jun 28
China Master Logistics Co., Ltd. to Report First Half, 2023 Results on Aug 28, 2023 China Master Logistics Co., Ltd. announced that they will report first half, 2023 results on Aug 28, 2023 Reported Earnings • Mar 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.70 (up from CN¥0.60 in FY 2021). Revenue: CN¥11.9b (down 4.5% from FY 2021). Net income: CN¥243.8m (up 17% from FY 2021). Profit margin: 2.1% (up from 1.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is expected to decline by 9.3% p.a. on average during the next 2 years, while revenues in the Logistics industry in China are expected to grow by 13%. 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 2% per year, which means it is significantly lagging earnings. 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. 8 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Xuxiu Li 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 28
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.18 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.18 in 3Q 2021). Revenue: CN¥3.15b (down 17% from 3Q 2021). Net income: CN¥70.6m (up 16% from 3Q 2021). Profit margin: 2.2% (up from 1.6% in 3Q 2021). The increase in margin was driven by lower expenses. 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 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥10.45, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 23x in the Logistics industry in China. Total loss to shareholders of 19% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥3.53b (up 27% from 2Q 2021). Net income: CN¥68.5m (up 28% from 2Q 2021). Profit margin: 1.9% (in line with 2Q 2021). 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 9% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥0.78 (vs CN¥0.66 in FY 2020) Full year 2021 results: EPS: CN¥0.78 (up from CN¥0.66 in FY 2020). Revenue: CN¥12.4b (up 141% from FY 2020). Net income: CN¥207.9m (up 18% from FY 2020). Profit margin: 1.7% (down from 3.4% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.18 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥3.77b (up 200% from 3Q 2020). Net income: CN¥60.7m (up 26% from 3Q 2020). Profit margin: 1.6% (down from 3.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.20 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.77b (up 143% from 2Q 2020). Net income: CN¥53.7m (up 3.2% from 2Q 2020). Profit margin: 1.9% (down from 4.6% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥0.66 (vs CN¥0.81 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥5.15b (up 14% from FY 2019). Net income: CN¥176.3m (down 11% from FY 2019). Profit margin: 3.4% (down from 4.4% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥12.15 The company is down 12% from its price of CN¥13.80 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥12.41 The company is down 14% from its price of CN¥14.37 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥13.25 The company is down 7.0% from its price of CN¥14.27 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is flat over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥13.80 The company is down 10.0% from its price of CN¥15.27 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 8.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥186.2m, down 4.8% from the prior year. Total revenue was CN¥4.70b over the last 12 months, up 4.0% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥14.32 The company is down 1.0% from its price of CN¥14.43 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 21% over the same period. Annuncio • Sep 03
China Master Logistics Co., Ltd. (SHSE:603967) made an offer to acquire Sinochem Tianjin Binhai Logistic Corp. for CNY 170 million. China Master Logistics Co., Ltd. (SHSE:603967) made an offer to acquire Sinochem Tianjin Binhai Logistic Corp. on August 12, 2020. China Master Logistics Co., Ltd. (SHSE:603967) won a bid to acquire Sinochem Tianjin Binhai Logistic Corp. for approximately CNY 170 million on September 1,2020. As of December 31, 2019, had total assets of CNY 95.1 million, net assets of of CNY 90.2 million, operating loss of CNY 11.7 million, operating revenue of CNY 5.1 million, and net loss of CNY 12.5 million. The Board of Directors of China Master Logistics Co., Ltd. reviewed and approved the transaction. Annuncio • Jul 06
China Master Logistics Co., Ltd. to Report First Half, 2020 Results on Aug 12, 2020 China Master Logistics Co., Ltd. announced that they will report first half, 2020 results on Aug 12, 2020