Board Change • May 31
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Bin Yang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 02
First quarter 2023 earnings released: CN¥0.03 loss per share (vs CN¥0.073 loss in 1Q 2022) First quarter 2023 results: CN¥0.03 loss per share (improved from CN¥0.073 loss in 1Q 2022). Revenue: CN¥33.7m (up CN¥30.4m from 1Q 2022). Net loss: CN¥13.6m (loss narrowed 59% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Buying Opportunity • Apr 25
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 64%. The fair value is estimated to be CN¥0.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 80% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 31
Third quarter 2022 earnings released: CN¥0.055 loss per share (vs CN¥0.024 loss in 3Q 2021) Third quarter 2022 results: CN¥0.055 loss per share (further deteriorated from CN¥0.024 loss in 3Q 2021). Net loss: CN¥25.1m (loss widened 131% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: CN¥0.061 loss per share (vs CN¥0.045 loss in 2Q 2021) Second quarter 2022 results: CN¥0.061 loss per share (down from CN¥0.045 loss in 2Q 2021). Revenue: CN¥1.48m (down 99% from 2Q 2021). Net loss: CN¥27.9m (loss widened 41% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging 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 (9 non-independent directors). Chairman Xiaoming You was the last director to join the board, commencing their role in 2019. 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 31
Third quarter 2021 earnings released: CN¥0.024 loss per share (vs CN¥0.004 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥69.4m (down 73% from 3Q 2020). Net loss: CN¥10.8m (down CN¥12.8m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.045 loss per share (vs CN¥0.035 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥150.8m (down 36% from 2Q 2020). Net loss: CN¥19.8m (down 194% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year whereas the company’s share price has fallen by 42% per year. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.02 (vs CN¥3.43 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥999.2m (down 56% from FY 2019). Net income: CN¥9.47m (up CN¥1.58b from FY 2019). Profit margin: 0.9% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 09
New 90-day high: CN¥2.88 The company is up 7.0% from its price of CN¥2.68 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 16% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥2.37 The company is down 19% from its price of CN¥2.91 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the IT industry, which is also down 19% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥2.68 The company is down 7.0% from its price of CN¥2.88 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 15% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS CN¥0.004 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥254.6m (down 64% from 3Q 2019). Net income: CN¥1.92m (up CN¥23.8m from 3Q 2019). Profit margin: 0.8% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 120% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. お知らせ • Oct 29
Zhongchang Big Data Corporation Limited to Report Q3, 2020 Results on Oct 31, 2020 Zhongchang Big Data Corporation Limited announced that they will report Q3, 2020 results on Oct 31, 2020 お知らせ • Jul 18
Zhongchang Big Data Corporation Limited to Report First Half, 2020 Results on Aug 31, 2020 Zhongchang Big Data Corporation Limited announced that they will report first half, 2020 results on Aug 31, 2020