Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: CN¥1.11 (vs CN¥0.61 loss in FY 2020) Full year 2021 results: EPS: CN¥1.11 (up from CN¥0.61 loss in FY 2020). Revenue: CN¥233.4m (down 12% from FY 2020). Net income: CN¥580.1m (up CN¥898.3m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non-Independent Director Enle Zhu was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.13 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥50.1m (down 7.8% from 3Q 2020). Net income: CN¥17.9m (up CN¥84.9m from 3Q 2020). Profit margin: 36% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 14
Second quarter 2021 earnings released: CN¥0.19 loss per share (vs CN¥0.027 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥64.1m (up 13% from 2Q 2020). Net loss: CN¥97.8m (down CN¥113.7m from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥0.62 loss per share (vs CN¥2.58 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥265.3m (down 43% from FY 2019). Net loss: CN¥326.1m (loss narrowed 76% from FY 2019). Is New 90 Day High Low • Feb 04
New 90-day low: CN¥2.44 The company is down 42% from its price of CN¥4.19 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 19% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥3.21 The company is down 37% from its price of CN¥5.07 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥3.65 The company is down 31% from its price of CN¥5.30 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 11% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥1.52b, with earnings decreasing by CN¥1.56b from the prior year. Total revenue was CN¥179.7m over the last 12 months, down 73% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥4.93 The company is down 16% from its price of CN¥5.89 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 5.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥5.10 The company is down 12% from its price of CN¥5.80 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Online Retail industry, which is also down 12% over the same period.