View Future GrowthShanghai @hubLtd 過去の業績過去 基準チェック /26Shanghai @hubLtdは、平均年間3.3%の収益成長を遂げていますが、 IT業界の収益は、年間 減少しています。収益は、平均年間6.4% 9.4%収益成長率で 成長しています。 Shanghai @hubLtdの自己資本利益率は4.1%であり、純利益率は8.2%です。主要情報3.34%収益成長率4.00%EPS成長率IT 業界の成長7.47%収益成長率9.40%株主資本利益率4.14%ネット・マージン8.17%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.19 (up from CN¥0.18 in FY 2024). Revenue: CN¥1.72b (flat on FY 2024). Net income: CN¥138.7m (up 5.0% from FY 2024). Profit margin: 8.1% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 30Shanghai @hub Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Shanghai @hub Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026お知らせ • Dec 26Shanghai @hub Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026Reported Earnings • Oct 25Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.05 (in line with 3Q 2024). Revenue: CN¥430.4m (up 6.5% from 3Q 2024). Net income: CN¥34.9m (up 1.1% from 3Q 2024). Profit margin: 8.1% (down from 8.5% in 3Q 2024). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 17% 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 increased by 46% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30Shanghai @hub Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Shanghai @hub Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025お知らせ • Jun 30Shanghai @hub Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025Shanghai @hub Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025すべての更新を表示Recent updatesお知らせ • Apr 25Shanghai @hub Co.,Ltd., Annual General Meeting, May 15, 2026Shanghai @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 ChinaReported Earnings • Apr 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.19 (up from CN¥0.18 in FY 2024). Revenue: CN¥1.72b (flat on FY 2024). Net income: CN¥138.7m (up 5.0% from FY 2024). Profit margin: 8.1% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Apr 20Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.02b to CN¥1.98b. EPS estimate also fell from CN¥0.307 per share to CN¥0.21 per share. Net income forecast to grow 6.1% next year vs 61% growth forecast for IT industry in China. Consensus price target up from CN¥34.47 to CN¥35.97. Share price was steady at CN¥39.47 over the past week.お知らせ • Mar 30Shanghai @hub Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Shanghai @hub Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026お知らせ • Dec 26Shanghai @hub Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026Price Target Changed • Nov 04Price target increased by 10% to CN¥32.75Up from CN¥29.77, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥32.09. Stock is up 129% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.18 last year.Reported Earnings • Oct 25Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.05 (in line with 3Q 2024). Revenue: CN¥430.4m (up 6.5% from 3Q 2024). Net income: CN¥34.9m (up 1.1% from 3Q 2024). Profit margin: 8.1% (down from 8.5% in 3Q 2024). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 17% 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 increased by 46% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30Shanghai @hub Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Shanghai @hub Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025New Risk • Sep 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.Price Target Changed • Aug 21Price target increased by 13% to CN¥29.77Up from CN¥26.45, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥28.63. Stock is up 190% over the past year. The company is forecast to post earnings per share of CN¥0.24 for next year compared to CN¥0.18 last year.お知らせ • Jun 30Shanghai @hub Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025Shanghai @hub Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025Declared Dividend • Jun 07Dividend of CN¥0.043 announcedShareholders will receive a dividend of CN¥0.043. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 24% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 26First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.062 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.07 (up from CN¥0.062 in 1Q 2024). Revenue: CN¥395.0m (up 3.6% from 1Q 2024). Net income: CN¥44.1m (up 23% from 1Q 2024). Profit margin: 11% (up from 9.4% in 1Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 26Shanghai @hub Co.,Ltd., Annual General Meeting, May 20, 2025Shanghai @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 ChinaPrice Target Changed • Apr 07Price target increased by 16% to CN¥31.04Up from CN¥26.72, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥29.97. Stock is up 120% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.22 last year.お知らせ • Mar 28Shanghai @hub Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Shanghai @hub Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025Major Estimate Revision • Mar 28Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥1.77b to CN¥1.85b. EPS estimate fell from CN¥0.347 to CN¥0.301 per share. Net income forecast to grow 37% next year vs 57% growth forecast for IT industry in China. Consensus price target down from CN¥26.72 to CN¥25.05. Share price fell 12% to CN¥32.97 over the past week.分析記事 • Mar 26Shanghai @hub Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their ModelsThere's been a notable change in appetite for Shanghai @hub Co.,Ltd. ( SHSE:603881 ) shares in the week since its...分析記事 • Mar 23Returns At Shanghai @hubLtd (SHSE:603881) Appear To Be Weighed DownDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...Reported Earnings • Mar 22Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: CN¥0.22 (up from CN¥0.20 in FY 2023). Revenue: CN¥1.72b (up 12% from FY 2023). Net income: CN¥132.2m (up 7.5% from FY 2023). Profit margin: 7.7% (down from 8.0% in FY 2023). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 9.5%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 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 increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 07Price target increased by 11% to CN¥19.25Up from CN¥17.36, the current price target is an average from 3 analysts. New target price is 14% below last closing price of CN¥22.45. Stock is up 77% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year.New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% 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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).分析記事 • Jan 17Calculating The Fair Value Of Shanghai @hub Co.,Ltd. (SHSE:603881)Key Insights Shanghai @hubLtd's estimated fair value is CN¥17.24 based on 2 Stage Free Cash Flow to Equity Current...分析記事 • Dec 30Shanghai @hub Co.,Ltd.'s (SHSE:603881) 27% Price Boost Is Out Of Tune With RevenuesShanghai @hub Co.,Ltd. ( SHSE:603881 ) shares have continued their recent momentum with a 27% gain in the last month...お知らせ • Dec 27Shanghai @hub Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025Major Estimate Revision • Dec 26Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.234 to CN¥0.28. Revenue forecast unchanged at CN¥1.61b. Net income forecast to grow 54% next year vs 54% growth forecast for IT industry in China. Consensus price target up from CN¥17.36 to CN¥18.54. Share price rose 5.9% to CN¥19.16 over the past week.分析記事 • Dec 23Is Shanghai @hubLtd (SHSE:603881) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Dec 02Shanghai @hubLtd (SHSE:603881) Could Be Struggling To Allocate CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...New Risk • Nov 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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.分析記事 • Nov 06Shanghai @hubLtd's (SHSE:603881) Soft Earnings Are Actually Better Than They AppearShareholders appeared unconcerned with Shanghai @hub Co.,Ltd.'s ( SHSE:603881 ) lackluster earnings report last week...Price Target Changed • Nov 02Price target increased by 7.8% to CN¥17.33Up from CN¥16.07, the current price target is an average from 5 analysts. New target price is 9.8% above last closing price of CN¥15.78. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year.Reported Earnings • Oct 30Third quarter 2024 earnings: EPS misses analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. 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.分析記事 • Oct 09Shanghai @hub Co.,Ltd.'s (SHSE:603881) 36% Share Price Surge Not Quite Adding UpThe Shanghai @hub Co.,Ltd. ( SHSE:603881 ) share price has done very well over the last month, posting an excellent...Upcoming Dividend • Oct 08Upcoming dividend of CN¥0.024 per shareEligible 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%).お知らせ • Sep 30Shanghai @hub Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024Shanghai @hub Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor 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¥18.17 per share.New Risk • Sep 10New major risk - Financial positionThe 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.Price Target Changed • Aug 29Price target increased by 7.7% to CN¥17.02Up from CN¥15.80, the current price target is an average from 5 analysts. New target price is 35% above last closing price of CN¥12.59. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.21 last year.Reported Earnings • Aug 24Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 33%. 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.分析記事 • Aug 22Are Investors Undervaluing Shanghai @hub Co.,Ltd. (SHSE:603881) By 31%?Key Insights Shanghai @hubLtd's estimated fair value is CN¥17.25 based on 2 Stage Free Cash Flow to Equity Shanghai...分析記事 • Jul 31Here's Why Shanghai @hubLtd (SHSE:603881) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Buy Or Sell Opportunity • Jul 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to CN¥12.42. The fair value is estimated to be CN¥15.62, 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 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to CN¥12.20. The fair value is estimated to be CN¥15.49, 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 01Now 18% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to CN¥12.74. The fair value is estimated to be CN¥15.62, 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.お知らせ • Jun 28Shanghai @hub Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024Shanghai @hub Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024Buy Or Sell Opportunity • Jun 20Now 35% undervalued after recent price dropOver the last 90 days, the stock has fallen 38% to CN¥12.92. The fair value is estimated to be CN¥20.02, 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.分析記事 • Jun 09Market Participants Recognise Shanghai @hub Co.,Ltd.'s (SHSE:603881) EarningsShanghai @hub Co.,Ltd.'s ( SHSE:603881 ) price-to-earnings (or "P/E") ratio of 61.9x might make it look like a strong...New Risk • May 16New major risk - Financial positionThe 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.Major Estimate Revision • May 04Consensus EPS estimates increase by 31%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.64b to CN¥1.58b. EPS estimate rose from CN¥0.307 to CN¥0.401. Net income forecast to grow 56% next year vs 57% growth forecast for IT industry in China. Consensus price target of CN¥20.92 unchanged from last update. Share price rose 2.9% to CN¥18.83 over the past week.お知らせ • Apr 29Shanghai @hub Co.,Ltd., Annual General Meeting, May 17, 2024Shanghai @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 ChinaReported Earnings • Apr 28First 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.分析記事 • Apr 19We Think Shanghai @hubLtd's (SHSE:603881) Solid Earnings Are UnderstatedShanghai @hub Co.,Ltd.'s ( SHSE:603881 ) recent earnings report didn't offer any surprises, with the shares unchanged...Major Estimate Revision • Apr 19Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.67b to CN¥1.64b. EPS estimate also fell from CN¥0.434 per share to CN¥0.307 per share. Net income forecast to grow 19% next year vs 53% growth forecast for IT industry in China. Consensus price target down from CN¥24.34 to CN¥20.92. Share price rose 4.0% to CN¥18.14 over the past week.Price Target Changed • Apr 17Price target decreased by 7.8% to CN¥22.43Down from CN¥24.34, the current price target is an average from 6 analysts. New target price is 22% above last closing price of CN¥18.44. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.27 last year.Reported Earnings • Apr 14Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 19%. 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.お知らせ • Mar 29Shanghai @hub Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shanghai @hub Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024分析記事 • Mar 01Market Participants Recognise Shanghai @hub Co.,Ltd.'s (SHSE:603881) Earnings Pushing Shares 25% HigherShanghai @hub Co.,Ltd. ( SHSE:603881 ) shareholders are no doubt pleased to see that the share price has bounced 25% in...分析記事 • Feb 28Shanghai @hubLtd (SHSE:603881) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Price Target Changed • Feb 23Price target decreased by 9.0% to CN¥23.86Down from CN¥26.22, the current price target is an average from 7 analysts. New target price is 31% above last closing price of CN¥18.25. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.25 last year.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¥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.お知らせ • Dec 29Shanghai @hub Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024New Risk • Nov 06New minor risk - Earnings qualityThe 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 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥24.41, 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.Major Estimate Revision • Mar 20Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.75b to CN¥1.62b. EPS estimate also fell from CN¥0.555 per share to CN¥0.485 per share. Net income forecast to grow 39% next year vs 39% growth forecast for IT industry in China. Consensus price target up from CN¥34.35 to CN¥39.46. Share price fell 2.2% to CN¥33.90 over the past week.Price Target Changed • Mar 15Price target increased by 12% to CN¥38.37Up from CN¥34.35, the current price target is an average from 6 analysts. New target price is 12% above last closing price of CN¥34.20. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.35 last year.Reported Earnings • Mar 11Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. 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.Major Estimate Revision • Jan 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.39 to CN¥0.33 per share. Revenue forecast steady at CN¥1.50b. Net income forecast to grow 106% next year vs 54% growth forecast for IT industry in China. Consensus price target down from CN¥36.43 to CN¥35.18. Share price rose 16% to CN¥27.51 over the past week.Board Change • Nov 16Less than half of directors are independentThere 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.Major Estimate Revision • Nov 04Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.33 to CN¥0.38. Revenue forecast steady at CN¥1.49b. Net income forecast to grow 128% next year vs 65% growth forecast for IT industry in China. Consensus price target of CN¥36.43 unchanged from last update. Share price rose 6.3% to CN¥25.17 over the past week.Reported Earnings • Oct 30Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 24%. 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.Major Estimate Revision • Aug 26Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.37 to CN¥0.30 per share. Revenue forecast steady at CN¥1.48b. Net income forecast to grow 65% next year vs 38% growth forecast for IT industry in China. Consensus price target broadly unchanged at CN¥37.37. Share price was steady at CN¥24.73 over the past week.Reported Earnings • Aug 21Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 31%. 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.Major Estimate Revision • Jul 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.30 to CN¥0.37. Revenue forecast unchanged at CN¥1.49b. Net income forecast to grow 68% next year vs 38% growth forecast for IT industry in China. Consensus price target of CN¥37.56 unchanged from last update. Share price rose 6.3% to CN¥26.74 over the past week.Price Target Changed • Jul 19Price target decreased to CN¥37.56Down from CN¥40.56, the current price target is an average from 6 analysts. New target price is 44% above last closing price of CN¥26.09. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.34 last year.Major Estimate Revision • Jul 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.56 to CN¥0.30 per share. Revenue forecast steady at CN¥1.52b. Net income forecast to grow 61% next year vs 38% growth forecast for IT industry in China. Consensus price target down from CN¥40.56 to CN¥37.94. Share price was steady at CN¥26.79 over the past week.Price Target Changed • Jun 24Price target increased to CN¥44.75Up from CN¥41.56, the current price target is an average from 3 analysts. New target price is 68% above last closing price of CN¥26.63. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.34 last year.Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst 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. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 79%. 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 27Less 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. 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.Major Estimate Revision • Mar 24Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.63b to CN¥1.52b. EPS estimate also fell from CN¥0.82 per share to CN¥0.55 per share. Net income forecast to grow 104% next year vs 43% growth forecast for IT industry in China. Consensus price target up from CN¥42.72 to CN¥46.24. Share price fell 8.0% to CN¥36.97 over the past week.Price Target Changed • Mar 18Price target increased to CN¥45.92Up from CN¥42.72, the current price target is an average from 5 analysts. New target price is 16% above last closing price of CN¥39.66. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.34 last year.Reported Earnings • Mar 18Full year 2021 earnings: EPS misses analyst expectationsFull 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. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 35%, 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.Price Target Changed • Nov 18Price target decreased to CN¥42.72Down from CN¥46.64, the current price target is an average from 5 analysts. New target price is 29% above last closing price of CN¥33.15. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.45 last year.Reported Earnings • Oct 31Third 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.Price Target Changed • Oct 08Price target decreased to CN¥45.83Down from CN¥49.47, the current price target is an average from 7 analysts. New target price is 44% above last closing price of CN¥31.74. Stock is down 41% over the past year.Reported Earnings • Aug 22Second 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.Major Estimate Revision • Jun 03Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥0.71 to CN¥0.62 per share. Revenue forecast steady at CN¥1.21b. Net income forecast to grow 65% next year vs 48% growth forecast for IT industry in China. Consensus price target down from CN¥47.76 to CN¥46.76. Share price was steady at CN¥35.92 over the past week.Price Target Changed • May 07Price target decreased to CN¥48.26Down from CN¥53.02, the current price target is an average from 8 analysts. New target price is 51% above last closing price of CN¥31.90. Stock is down 30% over the past year.Reported Earnings • May 02First 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.Price Target Changed • Apr 27Price target decreased to CN¥37.87Down from CN¥53.02, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥31.32. Stock is down 23% over the past year.Reported Earnings • Mar 21Full 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 10New 90-day low: CN¥47.65The company is down 27% from its price of CN¥65.00 on 10 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.94 per share.Major Estimate Revision • Feb 06Analysts lower EPS estimates to CN¥0.97The 2021 consensus revenue estimate was lowered from CN¥1.51b to CN¥1.41b. Earning per share (EPS) estimate was also lowered from CN¥1.11 to CN¥0.97 for the same period. Net income is expected to grow by 57% next year compared to 50% growth forecast for the IT industry in China. The consensus price target was lowered from CN¥98.32 to CN¥89.07. Share price is down by 4.8% to CN¥48.96 over the past week.Price Target Changed • Feb 05Price target lowered to CN¥89.07Down from CN¥98.32, the current price target is an average from 6 analysts. The new target price is 82% above the current share price of CN¥48.96. As of last close, the stock is up 2.0% over the past year.Is New 90 Day High Low • Jan 28New 90-day low: CN¥54.94The 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.お知らせ • Jan 22Shanghai AtHub Co., Ltd. to Report Fiscal Year 2020 Results on Mar 20, 2021Shanghai AtHub Co., Ltd. announced that they will report fiscal year 2020 results on Mar 20, 2021Is New 90 Day High Low • Dec 11New 90-day low: CN¥64.90The company is down 10.0% from its price of CN¥72.10 on 11 September 2020. The Chinese market is up 3.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.26 per share.Major Estimate Revision • Nov 05Analysts increase EPS estimates to CN¥0.67The 2020 consensus revenue estimate increased from CN¥919.8m to CN¥965.2m. The earnings per share estimate also received an upgrade from CN¥0.59 to CN¥0.67 for the same period. Net income is expected to grow by 78% next year compared to 45% growth forecast for the IT industry in China. The consensus price target increased from CN¥96.93 to CN¥98.32. Share price is up 13% to CN¥73.83 over the past week.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue and earnings beat expectationsThird-quarter revenue exceeded analyst estimates by 8.5% at CN¥258.3m. Earnings per share (EPS) also surpassed analyst estimates by 55% at CN¥0.23. Revenue is forecast to grow 63% over the next year, compared to a 36% growth forecast for the IT industry in China.Reported Earnings • Oct 30Third quarter earnings releasedOver 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.収支内訳Shanghai @hubLtd 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SHSE:603881 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 261,706139749931 Dec 251,721139739530 Sep 251,779147889230 Jun 251,753147789331 Mar 251,734140799031 Dec 241,721132788830 Sep 241,609126628530 Jun 241,574125677631 Mar 241,551124717331 Dec 231,542123737430 Sep 231,477146727330 Jun 231,489145717331 Mar 231,485142677331 Dec 221,455118706830 Sep 221,48491705830 Jun 221,408102705431 Mar 221,32499675231 Dec 211,245122695330 Sep 211,113130835930 Jun 211,066137815531 Mar 21999140735031 Dec 20910136714030 Sep 20822127592930 Jun 20732102593031 Mar 20710104692631 Dec 19727110662730 Sep 19974140772630 Jun 19975146782331 Mar 19950145692331 Dec 18910143632330 Sep 18647129502630 Jun 18605124323431 Mar 18556125342931 Dec 17520115362330 Sep 17481103371530 Jun 174539649031 Mar 174318350031 Dec 164067848030 Sep 163898141031 Dec 1533872330質の高い収益: 603881にはCN¥174.7M } という大きな 一回限りの 損失があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: 603881の現在の純利益率 (8.2%)は、昨年(8.1%)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: 603881の収益は過去 5 年間で年間3.3%増加しました。成長の加速: 603881は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 603881は過去 1 年間で収益成長率がマイナス ( -0.7% ) となったため、 IT業界平均 ( -1% ) と比較することが困難です。株主資本利益率高いROE: 603881の 自己資本利益率 ( 4.1% ) 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7D1Y7D1Y7D1YSoftware 、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2026/06/11 13:18終値2026/06/11 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Shanghai @hub Co.,Ltd. 5 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。15 アナリスト機関Liangbi ZhaoChina Galaxy Securities Co., Ltd.Junyun ChenCitic Securities Co., Ltd.Ang-Chi LinCitigroup Inc12 その他のアナリストを表示
Reported Earnings • Apr 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.19 (up from CN¥0.18 in FY 2024). Revenue: CN¥1.72b (flat on FY 2024). Net income: CN¥138.7m (up 5.0% from FY 2024). Profit margin: 8.1% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 30Shanghai @hub Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Shanghai @hub Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026
お知らせ • Dec 26Shanghai @hub Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026
Reported Earnings • Oct 25Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.05 (in line with 3Q 2024). Revenue: CN¥430.4m (up 6.5% from 3Q 2024). Net income: CN¥34.9m (up 1.1% from 3Q 2024). Profit margin: 8.1% (down from 8.5% in 3Q 2024). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 17% 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 increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30Shanghai @hub Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Shanghai @hub Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025
お知らせ • Jun 30Shanghai @hub Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025Shanghai @hub Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025
お知らせ • Apr 25Shanghai @hub Co.,Ltd., Annual General Meeting, May 15, 2026Shanghai @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
Reported Earnings • Apr 22Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.19 (up from CN¥0.18 in FY 2024). Revenue: CN¥1.72b (flat on FY 2024). Net income: CN¥138.7m (up 5.0% from FY 2024). Profit margin: 8.1% (up from 7.7% in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Apr 20Consensus EPS estimates fall by 32%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.02b to CN¥1.98b. EPS estimate also fell from CN¥0.307 per share to CN¥0.21 per share. Net income forecast to grow 6.1% next year vs 61% growth forecast for IT industry in China. Consensus price target up from CN¥34.47 to CN¥35.97. Share price was steady at CN¥39.47 over the past week.
お知らせ • Mar 30Shanghai @hub Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Shanghai @hub Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026
お知らせ • Dec 26Shanghai @hub Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026
Price Target Changed • Nov 04Price target increased by 10% to CN¥32.75Up from CN¥29.77, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥32.09. Stock is up 129% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.18 last year.
Reported Earnings • Oct 25Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.05 (in line with 3Q 2024). Revenue: CN¥430.4m (up 6.5% from 3Q 2024). Net income: CN¥34.9m (up 1.1% from 3Q 2024). Profit margin: 8.1% (down from 8.5% in 3Q 2024). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 17% 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 increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30Shanghai @hub Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Shanghai @hub Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025
New Risk • Sep 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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 Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.
Price Target Changed • Aug 21Price target increased by 13% to CN¥29.77Up from CN¥26.45, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥28.63. Stock is up 190% over the past year. The company is forecast to post earnings per share of CN¥0.24 for next year compared to CN¥0.18 last year.
お知らせ • Jun 30Shanghai @hub Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025Shanghai @hub Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025
Declared Dividend • Jun 07Dividend of CN¥0.043 announcedShareholders will receive a dividend of CN¥0.043. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 24% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 26First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.062 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.07 (up from CN¥0.062 in 1Q 2024). Revenue: CN¥395.0m (up 3.6% from 1Q 2024). Net income: CN¥44.1m (up 23% from 1Q 2024). Profit margin: 11% (up from 9.4% in 1Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 26Shanghai @hub Co.,Ltd., Annual General Meeting, May 20, 2025Shanghai @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
Price Target Changed • Apr 07Price target increased by 16% to CN¥31.04Up from CN¥26.72, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥29.97. Stock is up 120% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.22 last year.
お知らせ • Mar 28Shanghai @hub Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Shanghai @hub Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
Major Estimate Revision • Mar 28Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥1.77b to CN¥1.85b. EPS estimate fell from CN¥0.347 to CN¥0.301 per share. Net income forecast to grow 37% next year vs 57% growth forecast for IT industry in China. Consensus price target down from CN¥26.72 to CN¥25.05. Share price fell 12% to CN¥32.97 over the past week.
分析記事 • Mar 26Shanghai @hub Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their ModelsThere's been a notable change in appetite for Shanghai @hub Co.,Ltd. ( SHSE:603881 ) shares in the week since its...
分析記事 • Mar 23Returns At Shanghai @hubLtd (SHSE:603881) Appear To Be Weighed DownDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Reported Earnings • Mar 22Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: CN¥0.22 (up from CN¥0.20 in FY 2023). Revenue: CN¥1.72b (up 12% from FY 2023). Net income: CN¥132.2m (up 7.5% from FY 2023). Profit margin: 7.7% (down from 8.0% in FY 2023). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 9.5%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 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 increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 07Price target increased by 11% to CN¥19.25Up from CN¥17.36, the current price target is an average from 3 analysts. New target price is 14% below last closing price of CN¥22.45. Stock is up 77% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year.
New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% 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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).
分析記事 • Jan 17Calculating The Fair Value Of Shanghai @hub Co.,Ltd. (SHSE:603881)Key Insights Shanghai @hubLtd's estimated fair value is CN¥17.24 based on 2 Stage Free Cash Flow to Equity Current...
分析記事 • Dec 30Shanghai @hub Co.,Ltd.'s (SHSE:603881) 27% Price Boost Is Out Of Tune With RevenuesShanghai @hub Co.,Ltd. ( SHSE:603881 ) shares have continued their recent momentum with a 27% gain in the last month...
お知らせ • Dec 27Shanghai @hub Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025
Major Estimate Revision • Dec 26Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.234 to CN¥0.28. Revenue forecast unchanged at CN¥1.61b. Net income forecast to grow 54% next year vs 54% growth forecast for IT industry in China. Consensus price target up from CN¥17.36 to CN¥18.54. Share price rose 5.9% to CN¥19.16 over the past week.
分析記事 • Dec 23Is Shanghai @hubLtd (SHSE:603881) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Dec 02Shanghai @hubLtd (SHSE:603881) Could Be Struggling To Allocate CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
New Risk • Nov 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x 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.
分析記事 • Nov 06Shanghai @hubLtd's (SHSE:603881) Soft Earnings Are Actually Better Than They AppearShareholders appeared unconcerned with Shanghai @hub Co.,Ltd.'s ( SHSE:603881 ) lackluster earnings report last week...
Price Target Changed • Nov 02Price target increased by 7.8% to CN¥17.33Up from CN¥16.07, the current price target is an average from 5 analysts. New target price is 9.8% above last closing price of CN¥15.78. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year.
Reported Earnings • Oct 30Third quarter 2024 earnings: EPS misses analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. 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.
分析記事 • Oct 09Shanghai @hub Co.,Ltd.'s (SHSE:603881) 36% Share Price Surge Not Quite Adding UpThe Shanghai @hub Co.,Ltd. ( SHSE:603881 ) share price has done very well over the last month, posting an excellent...
Upcoming Dividend • Oct 08Upcoming dividend of CN¥0.024 per shareEligible 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%).
お知らせ • Sep 30Shanghai @hub Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024Shanghai @hub Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor 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¥18.17 per share.
New Risk • Sep 10New major risk - Financial positionThe 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.
Price Target Changed • Aug 29Price target increased by 7.7% to CN¥17.02Up from CN¥15.80, the current price target is an average from 5 analysts. New target price is 35% above last closing price of CN¥12.59. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.21 last year.
Reported Earnings • Aug 24Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 33%. 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.
分析記事 • Aug 22Are Investors Undervaluing Shanghai @hub Co.,Ltd. (SHSE:603881) By 31%?Key Insights Shanghai @hubLtd's estimated fair value is CN¥17.25 based on 2 Stage Free Cash Flow to Equity Shanghai...
分析記事 • Jul 31Here's Why Shanghai @hubLtd (SHSE:603881) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Buy Or Sell Opportunity • Jul 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.6% to CN¥12.42. The fair value is estimated to be CN¥15.62, 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 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to CN¥12.20. The fair value is estimated to be CN¥15.49, 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 01Now 18% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to CN¥12.74. The fair value is estimated to be CN¥15.62, 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.
お知らせ • Jun 28Shanghai @hub Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024Shanghai @hub Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024
Buy Or Sell Opportunity • Jun 20Now 35% undervalued after recent price dropOver the last 90 days, the stock has fallen 38% to CN¥12.92. The fair value is estimated to be CN¥20.02, 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.
分析記事 • Jun 09Market Participants Recognise Shanghai @hub Co.,Ltd.'s (SHSE:603881) EarningsShanghai @hub Co.,Ltd.'s ( SHSE:603881 ) price-to-earnings (or "P/E") ratio of 61.9x might make it look like a strong...
New Risk • May 16New major risk - Financial positionThe 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.
Major Estimate Revision • May 04Consensus EPS estimates increase by 31%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.64b to CN¥1.58b. EPS estimate rose from CN¥0.307 to CN¥0.401. Net income forecast to grow 56% next year vs 57% growth forecast for IT industry in China. Consensus price target of CN¥20.92 unchanged from last update. Share price rose 2.9% to CN¥18.83 over the past week.
お知らせ • Apr 29Shanghai @hub Co.,Ltd., Annual General Meeting, May 17, 2024Shanghai @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 28First 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.
分析記事 • Apr 19We Think Shanghai @hubLtd's (SHSE:603881) Solid Earnings Are UnderstatedShanghai @hub Co.,Ltd.'s ( SHSE:603881 ) recent earnings report didn't offer any surprises, with the shares unchanged...
Major Estimate Revision • Apr 19Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.67b to CN¥1.64b. EPS estimate also fell from CN¥0.434 per share to CN¥0.307 per share. Net income forecast to grow 19% next year vs 53% growth forecast for IT industry in China. Consensus price target down from CN¥24.34 to CN¥20.92. Share price rose 4.0% to CN¥18.14 over the past week.
Price Target Changed • Apr 17Price target decreased by 7.8% to CN¥22.43Down from CN¥24.34, the current price target is an average from 6 analysts. New target price is 22% above last closing price of CN¥18.44. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.27 last year.
Reported Earnings • Apr 14Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 19%. 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.
お知らせ • Mar 29Shanghai @hub Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shanghai @hub Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
分析記事 • Mar 01Market Participants Recognise Shanghai @hub Co.,Ltd.'s (SHSE:603881) Earnings Pushing Shares 25% HigherShanghai @hub Co.,Ltd. ( SHSE:603881 ) shareholders are no doubt pleased to see that the share price has bounced 25% in...
分析記事 • Feb 28Shanghai @hubLtd (SHSE:603881) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Price Target Changed • Feb 23Price target decreased by 9.0% to CN¥23.86Down from CN¥26.22, the current price target is an average from 7 analysts. New target price is 31% above last closing price of CN¥18.25. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.25 last year.
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¥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.
お知らせ • Dec 29Shanghai @hub Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024Shanghai @hub Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024
New Risk • Nov 06New minor risk - Earnings qualityThe 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 20Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥24.41, 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.
Major Estimate Revision • Mar 20Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.75b to CN¥1.62b. EPS estimate also fell from CN¥0.555 per share to CN¥0.485 per share. Net income forecast to grow 39% next year vs 39% growth forecast for IT industry in China. Consensus price target up from CN¥34.35 to CN¥39.46. Share price fell 2.2% to CN¥33.90 over the past week.
Price Target Changed • Mar 15Price target increased by 12% to CN¥38.37Up from CN¥34.35, the current price target is an average from 6 analysts. New target price is 12% above last closing price of CN¥34.20. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.35 last year.
Reported Earnings • Mar 11Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 9.8%. 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.
Major Estimate Revision • Jan 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.39 to CN¥0.33 per share. Revenue forecast steady at CN¥1.50b. Net income forecast to grow 106% next year vs 54% growth forecast for IT industry in China. Consensus price target down from CN¥36.43 to CN¥35.18. Share price rose 16% to CN¥27.51 over the past week.
Board Change • Nov 16Less than half of directors are independentThere 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.
Major Estimate Revision • Nov 04Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.33 to CN¥0.38. Revenue forecast steady at CN¥1.49b. Net income forecast to grow 128% next year vs 65% growth forecast for IT industry in China. Consensus price target of CN¥36.43 unchanged from last update. Share price rose 6.3% to CN¥25.17 over the past week.
Reported Earnings • Oct 30Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 24%. 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.
Major Estimate Revision • Aug 26Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.37 to CN¥0.30 per share. Revenue forecast steady at CN¥1.48b. Net income forecast to grow 65% next year vs 38% growth forecast for IT industry in China. Consensus price target broadly unchanged at CN¥37.37. Share price was steady at CN¥24.73 over the past week.
Reported Earnings • Aug 21Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 31%. 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.
Major Estimate Revision • Jul 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.30 to CN¥0.37. Revenue forecast unchanged at CN¥1.49b. Net income forecast to grow 68% next year vs 38% growth forecast for IT industry in China. Consensus price target of CN¥37.56 unchanged from last update. Share price rose 6.3% to CN¥26.74 over the past week.
Price Target Changed • Jul 19Price target decreased to CN¥37.56Down from CN¥40.56, the current price target is an average from 6 analysts. New target price is 44% above last closing price of CN¥26.09. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.29 for next year compared to CN¥0.34 last year.
Major Estimate Revision • Jul 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.56 to CN¥0.30 per share. Revenue forecast steady at CN¥1.52b. Net income forecast to grow 61% next year vs 38% growth forecast for IT industry in China. Consensus price target down from CN¥40.56 to CN¥37.94. Share price was steady at CN¥26.79 over the past week.
Price Target Changed • Jun 24Price target increased to CN¥44.75Up from CN¥41.56, the current price target is an average from 3 analysts. New target price is 68% above last closing price of CN¥26.63. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.34 last year.
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst 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. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 79%. 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 27Less 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. 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.
Major Estimate Revision • Mar 24Consensus EPS estimates fall by 33%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.63b to CN¥1.52b. EPS estimate also fell from CN¥0.82 per share to CN¥0.55 per share. Net income forecast to grow 104% next year vs 43% growth forecast for IT industry in China. Consensus price target up from CN¥42.72 to CN¥46.24. Share price fell 8.0% to CN¥36.97 over the past week.
Price Target Changed • Mar 18Price target increased to CN¥45.92Up from CN¥42.72, the current price target is an average from 5 analysts. New target price is 16% above last closing price of CN¥39.66. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.34 last year.
Reported Earnings • Mar 18Full year 2021 earnings: EPS misses analyst expectationsFull 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. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 35%, 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.
Price Target Changed • Nov 18Price target decreased to CN¥42.72Down from CN¥46.64, the current price target is an average from 5 analysts. New target price is 29% above last closing price of CN¥33.15. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.45 last year.
Reported Earnings • Oct 31Third 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.
Price Target Changed • Oct 08Price target decreased to CN¥45.83Down from CN¥49.47, the current price target is an average from 7 analysts. New target price is 44% above last closing price of CN¥31.74. Stock is down 41% over the past year.
Reported Earnings • Aug 22Second 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.
Major Estimate Revision • Jun 03Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥0.71 to CN¥0.62 per share. Revenue forecast steady at CN¥1.21b. Net income forecast to grow 65% next year vs 48% growth forecast for IT industry in China. Consensus price target down from CN¥47.76 to CN¥46.76. Share price was steady at CN¥35.92 over the past week.
Price Target Changed • May 07Price target decreased to CN¥48.26Down from CN¥53.02, the current price target is an average from 8 analysts. New target price is 51% above last closing price of CN¥31.90. Stock is down 30% over the past year.
Reported Earnings • May 02First 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.
Price Target Changed • Apr 27Price target decreased to CN¥37.87Down from CN¥53.02, the current price target is an average from 8 analysts. New target price is 21% above last closing price of CN¥31.32. Stock is down 23% over the past year.
Reported Earnings • Mar 21Full 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 10New 90-day low: CN¥47.65The company is down 27% from its price of CN¥65.00 on 10 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 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.94 per share.
Major Estimate Revision • Feb 06Analysts lower EPS estimates to CN¥0.97The 2021 consensus revenue estimate was lowered from CN¥1.51b to CN¥1.41b. Earning per share (EPS) estimate was also lowered from CN¥1.11 to CN¥0.97 for the same period. Net income is expected to grow by 57% next year compared to 50% growth forecast for the IT industry in China. The consensus price target was lowered from CN¥98.32 to CN¥89.07. Share price is down by 4.8% to CN¥48.96 over the past week.
Price Target Changed • Feb 05Price target lowered to CN¥89.07Down from CN¥98.32, the current price target is an average from 6 analysts. The new target price is 82% above the current share price of CN¥48.96. As of last close, the stock is up 2.0% over the past year.
Is New 90 Day High Low • Jan 28New 90-day low: CN¥54.94The 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.
お知らせ • Jan 22Shanghai AtHub Co., Ltd. to Report Fiscal Year 2020 Results on Mar 20, 2021Shanghai AtHub Co., Ltd. announced that they will report fiscal year 2020 results on Mar 20, 2021
Is New 90 Day High Low • Dec 11New 90-day low: CN¥64.90The company is down 10.0% from its price of CN¥72.10 on 11 September 2020. The Chinese market is up 3.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.26 per share.
Major Estimate Revision • Nov 05Analysts increase EPS estimates to CN¥0.67The 2020 consensus revenue estimate increased from CN¥919.8m to CN¥965.2m. The earnings per share estimate also received an upgrade from CN¥0.59 to CN¥0.67 for the same period. Net income is expected to grow by 78% next year compared to 45% growth forecast for the IT industry in China. The consensus price target increased from CN¥96.93 to CN¥98.32. Share price is up 13% to CN¥73.83 over the past week.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue and earnings beat expectationsThird-quarter revenue exceeded analyst estimates by 8.5% at CN¥258.3m. Earnings per share (EPS) also surpassed analyst estimates by 55% at CN¥0.23. Revenue is forecast to grow 63% over the next year, compared to a 36% growth forecast for the IT industry in China.
Reported Earnings • Oct 30Third quarter earnings releasedOver 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.