View Future GrowthFriendLtd 過去の業績過去 基準チェック /36FriendLtdは、平均年間1.4%の収益成長を遂げていますが、 Metals and Mining業界の収益は、年間 成長しています。収益は、平均年間0.2% 5.4%収益成長率で 成長しています。 FriendLtdの自己資本利益率は8.3%であり、純利益率は3.1%です。主要情報1.44%収益成長率-2.88%EPS成長率Metals and Mining 業界の成長13.08%収益成長率5.42%株主資本利益率8.28%ネット・マージン3.13%次回の業績アップデート28 Aug 2026最近の業績更新お知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026Friend Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026お知らせ • Mar 30Friend Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026Friend Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Friend Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026Friend Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026お知らせ • Sep 30Friend Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025Friend Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025Friend Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025お知らせ • Mar 28Friend Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025Friend Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025すべての更新を表示Recent updatesお知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026Friend Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Chen Yudong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 17Friend Co.,Ltd., Annual General Meeting, May 21, 2026Friend Co.,Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai Chinaお知らせ • Mar 30Friend Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026Friend Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Friend Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026Friend Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026お知らせ • Sep 30Friend Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025Friend Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025Friend Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025お知らせ • Apr 26Friend Co.,Ltd., Annual General Meeting, May 27, 2025Friend Co.,Ltd., Annual General Meeting, May 27, 2025, at 14:30 China Standard Time. Location: 9F, East Building, No. 55, Fuqiao Road, Baoshan District, Shanghai Chinaお知らせ • Mar 28Friend Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025Friend Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Dec 27Friend Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Friend Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025お知らせ • Dec 25Friend Co.,Ltd. (SHSE:605050) announces an Equity Buyback for CNY 80 million worth of its shares.Friend Co.,Ltd. (SHSE:605050) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 15.03 per Share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. The program will be funded from own funds and special bank loans for the share repurchase. The plan will be valid for 12 months.お知らせ • Sep 30Friend Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024Friend Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.082 (vs CN¥0.19 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.082 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥2.71b (up 18% from 2Q 2023). Net income: CN¥40.8m (down 56% from 2Q 2023). Profit margin: 1.5% (down from 4.1% in 2Q 2023). The decrease in margin was driven by higher expenses.Buy Or Sell Opportunity • Aug 06Now 21% overvaluedOver the last 90 days, the stock has fallen 23% to CN¥8.27. The fair value is estimated to be CN¥6.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat.お知らせ • Jun 28Friend Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024Friend Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024お知らせ • May 01Friend Co.,Ltd., Annual General Meeting, May 20, 2024Friend Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai ChinaReported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.17 in 1Q 2023). Revenue: CN¥2.39b (up 12% from 1Q 2023). Net income: CN¥76.7m (down 10% from 1Q 2023). Profit margin: 3.2% (down from 4.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China.Reported Earnings • Apr 18Full year 2023 earnings released: EPS: CN¥0.85 (vs CN¥0.70 in FY 2022)Full year 2023 results: EPS: CN¥0.85 (up from CN¥0.70 in FY 2022). Revenue: CN¥9.76b (down 5.6% from FY 2022). Net income: CN¥417.3m (up 37% from FY 2022). Profit margin: 4.3% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China.お知らせ • Mar 29Friend Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024Friend Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Reported Earnings • Feb 28Full year 2023 earnings released: EPS: CN¥0.84 (vs CN¥0.70 in FY 2022)Full year 2023 results: EPS: CN¥0.84 (up from CN¥0.70 in FY 2022). Revenue: CN¥9.78b (down 5.4% from FY 2022). Net income: CN¥417.1m (up 37% from FY 2022). Profit margin: 4.3% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.63, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Metals and Mining industry in China.お知らせ • Dec 30Friend Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Friend Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥12.98, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 30x in the Metals and Mining industry in China.Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.18 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.18 in 3Q 2022). Revenue: CN¥2.53b (down 14% from 3Q 2022). Net income: CN¥115.2m (up 46% from 3Q 2022). Profit margin: 4.5% (up from 2.7% in 3Q 2022). The increase in margin was driven by lower expenses.Reported Earnings • Aug 23Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥2.30b (up 9.2% from 2Q 2022). Net income: CN¥93.6m (up 48% from 2Q 2022). Profit margin: 4.1% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue.お知らせ • Jun 28Friend Co.,Ltd. to Report Q2, 2023 Results on Aug 23, 2023Friend Co.,Ltd. announced that they will report Q2, 2023 results on Aug 23, 2023Reported Earnings • Apr 18Full year 2022 earnings released: EPS: CN¥0.70 (vs CN¥0.78 in FY 2021)Full year 2022 results: EPS: CN¥0.70 (down from CN¥0.78 in FY 2021). Revenue: CN¥10.3b (up 3.9% from FY 2021). Net income: CN¥305.0m (down 9.8% from FY 2021). Profit margin: 2.9% (down from 3.4% in FY 2021). The decrease in margin was driven by higher expenses.Board Change • Mar 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Dongdong Dong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.収支内訳FriendLtd の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史XSSC:605050 収益、費用、利益 ( )CNY Millions日付収益収益G+A経費研究開発費31 Mar 2611,868371127431 Dec 2511,763375128430 Sep 2511,670358129630 Jun 2511,393353128631 Mar 2511,325331127531 Dec 2411,278317128530 Sep 2410,635325103530 Jun 2410,43035699431 Mar 2410,02340997431 Dec 239,76241796330 Sep 239,76638791230 Jun 2310,19435088231 Mar 2310,00132093231 Dec 2210,34230586230 Sep 2210,43029894230 Jun 2210,03428592131 Mar 2210,26832495131 Dec 219,95333997130 Sep 219,47136393130 Jun 218,71638192131 Mar 217,90734686131 Dec 206,68930780130 Sep 205,987278101130 Jun 205,472261113131 Mar 205,181260132131 Dec 195,481279154131 Dec 185,613295164031 Dec 175,193287159031 Dec 164,6981801340質の高い収益: 605050 非現金収入 のレベルが高いです。利益率の向上: 605050の現在の純利益率 (3.1%)は、昨年(2.9%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 605050の収益は過去 5 年間で年間1.4%増加しました。成長の加速: 605050の過去 1 年間の収益成長率 ( 12.2% ) は、5 年間の平均 ( 年間1.4%を上回っています。収益対業界: 605050の過去 1 年間の収益成長率 ( 12.2% ) Metals and Mining業界21.7%を上回りませんでした。株主資本利益率高いROE: 605050の 自己資本利益率 ( 8.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/05 16:23終値2026/08/05 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Friend Co.,Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Jun XuTianfeng Securities Brokerage Co., Ltd
お知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026Friend Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026
お知らせ • Mar 30Friend Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026Friend Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Friend Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026Friend Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026
お知らせ • Sep 30Friend Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025Friend Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025Friend Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025
お知らせ • Mar 28Friend Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025Friend Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026Friend Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Chen Yudong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 17Friend Co.,Ltd., Annual General Meeting, May 21, 2026Friend Co.,Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China
お知らせ • Mar 30Friend Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026Friend Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Friend Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026Friend Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026
お知らせ • Sep 30Friend Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025Friend Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Friend Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025Friend Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025
お知らせ • Apr 26Friend Co.,Ltd., Annual General Meeting, May 27, 2025Friend Co.,Ltd., Annual General Meeting, May 27, 2025, at 14:30 China Standard Time. Location: 9F, East Building, No. 55, Fuqiao Road, Baoshan District, Shanghai China
お知らせ • Mar 28Friend Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025Friend Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Dec 27Friend Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Friend Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
お知らせ • Dec 25Friend Co.,Ltd. (SHSE:605050) announces an Equity Buyback for CNY 80 million worth of its shares.Friend Co.,Ltd. (SHSE:605050) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 15.03 per Share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. The program will be funded from own funds and special bank loans for the share repurchase. The plan will be valid for 12 months.
お知らせ • Sep 30Friend Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024Friend Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Aug 30Second quarter 2024 earnings released: EPS: CN¥0.082 (vs CN¥0.19 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.082 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥2.71b (up 18% from 2Q 2023). Net income: CN¥40.8m (down 56% from 2Q 2023). Profit margin: 1.5% (down from 4.1% in 2Q 2023). The decrease in margin was driven by higher expenses.
Buy Or Sell Opportunity • Aug 06Now 21% overvaluedOver the last 90 days, the stock has fallen 23% to CN¥8.27. The fair value is estimated to be CN¥6.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat.
お知らせ • Jun 28Friend Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024Friend Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
お知らせ • May 01Friend Co.,Ltd., Annual General Meeting, May 20, 2024Friend Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.17 in 1Q 2023). Revenue: CN¥2.39b (up 12% from 1Q 2023). Net income: CN¥76.7m (down 10% from 1Q 2023). Profit margin: 3.2% (down from 4.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China.
Reported Earnings • Apr 18Full year 2023 earnings released: EPS: CN¥0.85 (vs CN¥0.70 in FY 2022)Full year 2023 results: EPS: CN¥0.85 (up from CN¥0.70 in FY 2022). Revenue: CN¥9.76b (down 5.6% from FY 2022). Net income: CN¥417.3m (up 37% from FY 2022). Profit margin: 4.3% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China.
お知らせ • Mar 29Friend Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024Friend Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: CN¥0.84 (vs CN¥0.70 in FY 2022)Full year 2023 results: EPS: CN¥0.84 (up from CN¥0.70 in FY 2022). Revenue: CN¥9.78b (down 5.4% from FY 2022). Net income: CN¥417.1m (up 37% from FY 2022). Profit margin: 4.3% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.63, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Metals and Mining industry in China.
お知らせ • Dec 30Friend Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Friend Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024
Valuation Update With 7 Day Price Move • Nov 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥12.98, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 30x in the Metals and Mining industry in China.
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.18 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.18 in 3Q 2022). Revenue: CN¥2.53b (down 14% from 3Q 2022). Net income: CN¥115.2m (up 46% from 3Q 2022). Profit margin: 4.5% (up from 2.7% in 3Q 2022). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 23Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥2.30b (up 9.2% from 2Q 2022). Net income: CN¥93.6m (up 48% from 2Q 2022). Profit margin: 4.1% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue.
お知らせ • Jun 28Friend Co.,Ltd. to Report Q2, 2023 Results on Aug 23, 2023Friend Co.,Ltd. announced that they will report Q2, 2023 results on Aug 23, 2023
Reported Earnings • Apr 18Full year 2022 earnings released: EPS: CN¥0.70 (vs CN¥0.78 in FY 2021)Full year 2022 results: EPS: CN¥0.70 (down from CN¥0.78 in FY 2021). Revenue: CN¥10.3b (up 3.9% from FY 2021). Net income: CN¥305.0m (down 9.8% from FY 2021). Profit margin: 2.9% (down from 3.4% in FY 2021). The decrease in margin was driven by higher expenses.
Board Change • Mar 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Dongdong Dong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.