New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 30% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (30% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (CN¥153.2m market cap, or US$21.4m). お知らせ • May 06
Shunliban Information Service Co.,Ltd, Annual General Meeting, May 19, 2023 Shunliban Information Service Co.,Ltd, Annual General Meeting, May 19, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Unrecovered losses account for one-third of the paid-in capital; and to transact such other business matter. Reported Earnings • Apr 30
First quarter 2023 earnings released: CN¥0.009 loss per share (vs CN¥0.026 loss in 1Q 2022) First quarter 2023 results: CN¥0.009 loss per share (improved from CN¥0.026 loss in 1Q 2022). Net loss: CN¥6.96m (loss narrowed 66% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 6 experienced directors. 6 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Aijian Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2022 earnings released: CN¥0.036 loss per share (vs CN¥0.008 loss in 3Q 2021) Third quarter 2022 results: CN¥0.036 loss per share (further deteriorated from CN¥0.008 loss in 3Q 2021). Revenue: CN¥29.6m (down 65% from 3Q 2021). Net loss: CN¥27.7m (loss widened 349% from 3Q 2021). 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 36% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: CN¥0.04 loss per share (vs CN¥0.001 profit in 2Q 2021) Second quarter 2022 results: CN¥0.04 loss per share (down from CN¥0.001 profit in 2Q 2021). Revenue: CN¥8.70m (down 61% from 2Q 2021). Net loss: CN¥30.5m (down CN¥31.0m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. お知らせ • May 07
Shunliban Information Service Co.,Ltd, Annual General Meeting, May 20, 2022 Shunliban Information Service Co.,Ltd, Annual General Meeting, May 20, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; and to consider 2021 profit distribution plan. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.026 loss per share (down from CN¥0.029 profit in 1Q 2021). Revenue: CN¥12.9m (down 86% from 1Q 2021). Net loss: CN¥20.3m (down 192% from profit in 1Q 2021). Revenue missed analyst estimates by 27%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than 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. 6 experienced directors. 6 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Director Aijian Wang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 04
Third quarter 2021 earnings released: CN¥0.008 loss per share (vs CN¥0.035 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¥83.5m (down 46% from 3Q 2020). Net loss: CN¥6.18m (down 123% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.014 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥93.1m (down 92% from 1Q 2020). Net income: CN¥22.1m (up 112% from 1Q 2020). Profit margin: 24% (up from 1.0% in 1Q 2020). Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥1.61 loss per share (vs CN¥1.33 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CN¥775.9m (down 62% from FY 2019). Net loss: CN¥1.23b (loss widened 21% from FY 2019). Is New 90 Day High Low • Feb 01
New 90-day low: CN¥2.39 The company is down 37% from its price of CN¥3.81 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥3.68 The company is down 6.0% from its price of CN¥3.92 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 3.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥1.05b, with losses widening by CN¥922.9m from the prior year. Total revenue was CN¥4.81b over the last 12 months, up 237% from the prior year. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥3.81 The company is down 19% from its price of CN¥4.68 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 12% over the same period. お知らせ • Aug 14
Shunliban Information Service Co.,Ltd to Report First Half, 2020 Results on Aug 31, 2020 Shunliban Information Service Co.,Ltd announced that they will report first half, 2020 results on Aug 31, 2020