Zhihu（5BU0）株式概要Zhihu社は中華人民共和国でオンラインコンテンツコミュニティを運営している。 詳細5BU0 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績0/6財務の健全性5/6配当金0/6報酬同業他社や業界と比較して、良好な取引価格 リスク分析現在は利益が出ておらず、今後3年間で利益が出る見込みはない German市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る5BU0 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€2.7477.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b4b2016201920222025202620282031Revenue CN¥3.1bEarnings CN¥393.8mAdvancedSet Fair ValueView all narrativesZhihu Inc. 競合他社Smartbroker HoldingSymbol: XTRA:SB1Market cap: €188.8mYOCSymbol: XTRA:YOCMarket cap: €23.0mScout24Symbol: XTRA:G24Market cap: €5.3bTele ColumbusSymbol: HMSE:TC1Market cap: €322.6m価格と性能株価の高値、安値、推移の概要Zhihu過去の株価現在の株価US$2.7452週高値US$4.7052週安値US$2.18ベータ0.281ヶ月の変化0%3ヶ月変化5.38%1年変化-19.88%3年間の変化-51.93%5年間の変化n/aIPOからの変化-64.43%最新ニュースBreakeven Date Change • 11hForecast to breakeven in 2028The 7 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 78% per year to 2027. The company is expected to make a profit of CN¥11.7m in 2028. Average annual earnings growth of 108% is required to achieve expected profit on schedule.お知らせ • Jun 09Zhihu Inc., Annual General Meeting, Jun 30, 2026Zhihu Inc., Annual General Meeting, Jun 30, 2026, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, beijing ChinaReported Earnings • Jun 04First quarter 2026 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 1Q 2025)First quarter 2026 results: CN¥0.11 loss per share (improved from CN¥0.12 loss in 1Q 2025). Revenue: CN¥651.6m (down 11% from 1Q 2025). Net loss: CN¥8.50m (loss narrowed 16% from 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.お知らせ • Jun 03Zhihu Inc. Announces Board Changes, Effective June 3, 2026Zhihu Inc. announced the appointment of Mr. Qu Chen as a non-executive director of the Company. Mr. Bing Yu resigned as a non-executive director of the Company in order to dedicate more time to his other business commitments. These changes were effective on June 3, 2026. Mr. Chen has over 13 years of experience in strategic investment, capital markets, and business analysis. He joined Kuaishou Technology in April 2018 and currently serves as Head of Business Analytics, responsible for Kuaishou Group’s strategy, investment and operational analysis. Before joining Kuaishou Group, he was the founder and served as the chief executive officer of Beijing Nebulium Games Technology Co. Ltd. from June 2013 to September 2017. Mr. Chen received his Master of Business Administration from Stanford University in June 2013.Breakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.お知らせ • May 11Zhihu Inc. to Report Q1, 2026 Results on Jun 03, 2026Zhihu Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 03, 2026最新情報をもっと見るRecent updatesBreakeven Date Change • 11hForecast to breakeven in 2028The 7 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 78% per year to 2027. The company is expected to make a profit of CN¥11.7m in 2028. Average annual earnings growth of 108% is required to achieve expected profit on schedule.お知らせ • Jun 09Zhihu Inc., Annual General Meeting, Jun 30, 2026Zhihu Inc., Annual General Meeting, Jun 30, 2026, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, beijing ChinaReported Earnings • Jun 04First quarter 2026 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 1Q 2025)First quarter 2026 results: CN¥0.11 loss per share (improved from CN¥0.12 loss in 1Q 2025). Revenue: CN¥651.6m (down 11% from 1Q 2025). Net loss: CN¥8.50m (loss narrowed 16% from 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.お知らせ • Jun 03Zhihu Inc. Announces Board Changes, Effective June 3, 2026Zhihu Inc. announced the appointment of Mr. Qu Chen as a non-executive director of the Company. Mr. Bing Yu resigned as a non-executive director of the Company in order to dedicate more time to his other business commitments. These changes were effective on June 3, 2026. Mr. Chen has over 13 years of experience in strategic investment, capital markets, and business analysis. He joined Kuaishou Technology in April 2018 and currently serves as Head of Business Analytics, responsible for Kuaishou Group’s strategy, investment and operational analysis. Before joining Kuaishou Group, he was the founder and served as the chief executive officer of Beijing Nebulium Games Technology Co. Ltd. from June 2013 to September 2017. Mr. Chen received his Master of Business Administration from Stanford University in June 2013.Breakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.お知らせ • May 11Zhihu Inc. to Report Q1, 2026 Results on Jun 03, 2026Zhihu Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 03, 2026お知らせ • Mar 25Zhihu Inc. Reports Impairment of Goodwill for the Fourth Quarter Ended December 31, 2025Zhihu Inc. reported impairment of goodwill for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairment loss on goodwill of RMB 126,344,000.お知らせ • Mar 03Zhihu Inc. to Report Q4, 2025 Results on Mar 25, 2026Zhihu Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 25, 2026お知らせ • Oct 30Zhihu Inc. to Report Q3, 2025 Results on Nov 25, 2025Zhihu Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 25, 2025お知らせ • Sep 30Zhihu Inc. Announces Resignation of Chief Technology Officer, Effective September 30, 2025Zhihu Inc. announced the resignation of Mr. Bin Sun from his position as the Company’s chief technology officer due to personal reasons, effective from September 30, 2025.お知らせ • Jul 30Zhihu Inc. to Report Q2, 2025 Results on Aug 27, 2025Zhihu Inc. announced that they will report Q2, 2025 results on Aug 27, 2025お知らせ • May 28Zhihu Inc., Annual General Meeting, Jun 25, 2025Zhihu Inc., Annual General Meeting, Jun 25, 2025, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, , prc., beijing Chinaお知らせ • May 13Zhihu Inc. to Report Q1, 2025 Results on May 27, 2025Zhihu Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 27, 2025お知らせ • Feb 27Zhihu Inc. to Report Fiscal Year 2024 Results on Mar 26, 2025Zhihu Inc. announced that they will report fiscal year 2024 results on Mar 26, 2025お知らせ • Nov 11Zhihu Inc. to Report Q3, 2024 Results on Nov 26, 2024Zhihu Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 26, 2024Buy Or Sell Opportunity • Oct 03Now 28% undervaluedOver the last 90 days, the stock has risen 28% to €3.48. The fair value is estimated to be €4.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 92% per annum over the same time period.Reported Earnings • Aug 23Second quarter 2024 earnings released: CN¥0.89 loss per share (vs CN¥2.76 loss in 2Q 2023)Second quarter 2024 results: CN¥0.89 loss per share (improved from CN¥2.76 loss in 2Q 2023). Revenue: CN¥933.8m (down 11% from 2Q 2023). Net loss: CN¥82.7m (loss narrowed 70% from 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe.お知らせ • Aug 09Zhihu Inc. to Report Q2, 2024 Results on Aug 22, 2024Zhihu Inc. announced that they will report Q2, 2024 results After-Market on Aug 22, 2024お知らせ • Jul 20Zhihu Inc. (NYSE:ZH) announces an Equity Buyback for 46,921,448 shares, representing 15.93% for HKD 427.45 million.Zhihu Inc. (NYSE:ZH) announces a share repurchase program. Under the program, the company will repurchase up to 6,921,448 Class A Ordinary Shares (including in the form of ADSs), representing approximately 15.93% of its issued share capital, for HKD 427.45 million. The shares will be repurchased at a price of HKD 9.11 per Class A Ordinary Share (equivalent of $3.50 per ADS). The repurchases will be funded fully by internal cash resources of the Group. The Offer will provide an opportunity for the Shareholders and ADS holders either to tender Class A Ordinary Shares (including in the form of ADSs) to realize part of their investments in the Company at a premium to recent market prices and improve liquidity. The program is subject to approval of shareholders on or before the Long Stop Date. As of July 19, 2024, the company had 294,632,386 Shares issued and outstanding, which comprised 277,238,720 Class A Ordinary Shares and 17,393,666 Class B Ordinary Shares issued and outstanding.Reported Earnings • Jun 14First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: CN¥960.9m (down 3.4% from 1Q 2023). Net loss: CN¥164.8m (loss narrowed 9.1% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe.New Risk • Jun 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥844m Forecast net loss in 3 years: CN¥11m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (57% average daily change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (CN¥11m net loss in 3 years).Breakeven Date Change • Jun 13No longer forecast to breakevenThe 7 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥104.6m in 2026. New consensus forecast suggests the company will make a loss of CN¥11.5m in 2026.お知らせ • Jun 06Zhihu Inc. Announces Executive ChangesZhihu Inc. announced the appointment of Mr. Bin Sun as the Company's chief technology officer, effective immediately. Mr. Dahai Li resigned as the Company's chief technology officer due to his commitment of serving full-time as the chief executive officer of Modelbest, a technology start-up company dedicated to AI and large language models. Mr. Li will remain as a director of Zhihu. Mr. Sun is a seasoned technology leader with extensive experience in leading technology teams and developing technology strategies. Prior to joining the Company, Mr. Sun served as the Vice President of iQIYI Inc., where he spearheaded intelligent digital production, big data, and business intelligence initiatives. Prior to that, Mr. Sun served as the Deputy General Manager of Perfect World's education business from 2015 to 2017. Before that, Mr. Sun served in various positions related to product and engineering at technology companies such as Microsoft and Yahoo from 2006 to 2015. Mr. Sun holds a Bachelor's and a Master's degree in Computer Science from Harbin Institute of Technology.お知らせ • May 31Zhihu Inc., Annual General Meeting, Jun 26, 2024Zhihu Inc., Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: room landing, floor 1, zone b, china industry-academy--research, achievement transformation center, no. 18a xueqing road, haidian district, beijing, Chinaお知らせ • May 29Zhihu Inc. to Report Q1, 2024 Results on Jun 12, 2024Zhihu Inc. announced that they will report Q1, 2024 results Pre-Market on Jun 12, 2024Reported Earnings • Apr 29Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe.Reported Earnings • Mar 27Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.お知らせ • Mar 14Zhihu Inc. to Report Q4, 2023 Results on Mar 26, 2024Zhihu Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 26, 2024お知らせ • Feb 19+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced the appointment of Mr. Han Wang as the chief financial officer of the Company, effective immediately. Mr. Henry Dachuan Sha resigned as the chief financial officer and is appointed as the chief investment officer of the Company, effective immediately. Prior to joining the Company, from 2020 to 2023, Mr. Wang was with Access Technology Ventures, a global investment platform under Access Industries Inc., the private holding company and investment firm founded by businessman and philanthropist Len Blavatnik. Prior to that, he held senior positions at leading investment firms, including at Hillhouse Capital as a Vice President between 2018 and 2020, and at Legend Capital as a Director from 2015 to 2018. Mr. Wang received a bachelor's degree in communication engineering from Beijing University of Posts and Telecommunications in China in 2012.Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 9 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥104.6m in 2026. Average annual earnings growth of 75% is required to achieve expected profit on schedule.Reported Earnings • Dec 01Third quarter 2023 earnings released: CN¥0.47 loss per share (vs CN¥0.49 loss in 3Q 2022)Third quarter 2023 results: CN¥0.47 loss per share (improved from CN¥0.49 loss in 3Q 2022). Revenue: CN¥1.02b (up 12% from 3Q 2022). Net loss: CN¥278.7m (loss narrowed 7.2% from 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe.New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).お知らせ • Nov 17Zhihu Inc. to Report Q3, 2023 Results on Nov 29, 2023Zhihu Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 29, 2023Breakeven Date Change • Aug 25Forecast to breakeven in 2025The 11 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 51% per year to 2024. The company is expected to make a profit of CN¥5.00m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.New Risk • Aug 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥941m Forecast net loss in 2 years: CN¥200m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥200m net loss in 2 years).Reported Earnings • Aug 23Second quarter 2023 earnings released: CN¥0.46 loss per share (vs CN¥0.79 loss in 2Q 2022)Second quarter 2023 results: CN¥0.46 loss per share (improved from CN¥0.79 loss in 2Q 2022). Revenue: CN¥1.04b (up 25% from 2Q 2022). Net loss: CN¥279.8m (loss narrowed 43% from 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Germany.お知らせ • Aug 12Zhihu Inc. to Report Q2, 2023 Results on Aug 23, 2023Zhihu Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 23, 2023New Risk • Jul 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% 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 Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years).New Risk • Jun 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding).Breakeven Date Change • May 25The 12 analysts covering Zhihu previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of CN¥34.8m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.お知らせ • May 25Zhihu Inc. Announces Changes in Board CommitteesZhihu Inc. announced that the Board has approved to split the nominating and corporate governance committee of the Board into a nomination committee and a corporate governance committee with separate functions and responsibilities under separate charters. The Nomination Committee will comprise Mr. Yuan Zhou, Ms. Hope Ni, Mr. Hanhui Sam Sun, and Mr. Derek Chen, with Ms. Hope Ni appointed as the chairperson of the Nomination Committee. The Corporate Governance Committee will comprise Ms. Hope Ni, Mr. Hanhui Sam Sun and Mr. Derek Chen, with Mr. Derek Chen appointed as the chairperson of the Corporate Governance Committee. These changes are effective May 24, 2023.Reported Earnings • May 25First quarter 2023 earnings released: CN¥0.30 loss per share (vs CN¥1.02 loss in 1Q 2022)First quarter 2023 results: CN¥0.30 loss per share (improved from CN¥1.02 loss in 1Q 2022). Revenue: CN¥994.2m (up 34% from 1Q 2022). Net loss: CN¥181.4m (loss narrowed 71% from 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.お知らせ • May 13Zhihu Inc. to Report Q1, 2023 Results on May 24, 2023Zhihu Inc. announced that they will report Q1, 2023 results Pre-Market on May 24, 2023Breakeven Date Change • Mar 26No longer forecast to breakevenThe 12 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥145.8m in 2025. New consensus forecast suggests the company will make a loss of CN¥76.7m in 2025.Breakeven Date Change • Mar 24Forecast to breakeven in 2025The 12 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 57% per year to 2024. The company is expected to make a profit of CN¥93.0m in 2025. Average annual earnings growth of 85% is required to achieve expected profit on schedule.Buying Opportunity • Feb 23Now 27% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.Buying Opportunity • Jan 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.Buying Opportunity • Jan 11Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.お知らせ • Jan 03+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced that its board of directors has appointed Mr. Henry Dachuan Sha as Chief Financial Officer of the Company, effective immediately. Mr. Sha will replace Mr. Wei Sun, who has tendered his resignation from the position of chief financial officer to pursue other business endeavors. Prior to joining the company, Mr. Sha served as the Chief Financial Officer of Quwan Holding Limited between October 2020 and December 2022. From September 2017 to December 2019, Mr. Sha served as the Chief Financial Officer of Huya Inc. Before his corporate career, Mr. Sha was a director of Greenwoods Asset Management from May 2015 to August 2017. He also worked at China Media Capital between August 2013 and July 2014. From August 2011 to August 2013, Mr. Sha worked in the Investment Banking Division of Goldman Sachs. Mr. Sha received a bachelor's degree in electronic engineering and a bachelor's degree in accounting from Fudan University in the PRC in July 2008 and July 2009, respectively.Breakeven Date Change • Dec 31Forecast to breakeven in 2025The 14 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥145.8m in 2025. Average annual earnings growth of 56% is required to achieve expected profit on schedule.Board Change • Dec 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Derek Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.株主還元5BU0DE Interactive Media and ServicesDE 市場7D7.0%-1.2%-2.9%1Y-19.9%-36.1%-0.8%株主還元を見る業界別リターン: 5BU0過去 1 年間で-36.1 % の収益を上げたGerman Interactive Media and Services業界を上回りました。リターン対市場: 5BU0は、過去 1 年間で-0.8 % のリターンを上げたGerman市場を下回りました。価格変動Is 5BU0's price volatile compared to industry and market?5BU0 volatility5BU0 Average Weekly Movement9.1%Interactive Media and Services Industry Average Movement6.9%Market Average Movement5.9%10% most volatile stocks in DE Market13.0%10% least volatile stocks in DE Market2.7%安定した株価: 5BU0の株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 5BU0の weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてGermanの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20101,154Yuan Zhouwww.zhihu.com中華人民共和国でオンラインコンテンツコミュニティを運営するZhihu Inc.また、技術、ビジネスサポート、コンサルティングサービス、情報発信、ソフトウェア、情報技術サービス、情報およびマーケティングサービスも提供している。また、職業訓練、インターネットサービス、オーディオ・ビジュアル許可も提供している。Zhihu社は2010年に設立され、本社は中華人民共和国の北京にある。もっと見るZhihu Inc. 基礎のまとめZhihu の収益と売上を時価総額と比較するとどうか。5BU0 基礎統計学時価総額€221.07m収益（TTM）-€24.47m売上高(TTM)€341.61m0.6xP/Sレシオ-8.7xPER（株価収益率5BU0 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計5BU0 損益計算書（TTM）収益CN¥2.67b売上原価CN¥1.09b売上総利益CN¥1.58bその他の費用CN¥1.78b収益-CN¥191.31m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-2.44グロス・マージン59.34%純利益率-7.16%有利子負債／自己資本比率0%5BU0 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation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2026/06/09 10:27終値2026/06/09 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Zhihu Inc. 7 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。11 アナリスト機関Xueqing ZhangChina International Capital Corporation LimitedYi Jing WeiCitigroup IncYang YouCLSA8 その他のアナリストを表示
Breakeven Date Change • 11hForecast to breakeven in 2028The 7 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 78% per year to 2027. The company is expected to make a profit of CN¥11.7m in 2028. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
お知らせ • Jun 09Zhihu Inc., Annual General Meeting, Jun 30, 2026Zhihu Inc., Annual General Meeting, Jun 30, 2026, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, beijing China
Reported Earnings • Jun 04First quarter 2026 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 1Q 2025)First quarter 2026 results: CN¥0.11 loss per share (improved from CN¥0.12 loss in 1Q 2025). Revenue: CN¥651.6m (down 11% from 1Q 2025). Net loss: CN¥8.50m (loss narrowed 16% from 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
お知らせ • Jun 03Zhihu Inc. Announces Board Changes, Effective June 3, 2026Zhihu Inc. announced the appointment of Mr. Qu Chen as a non-executive director of the Company. Mr. Bing Yu resigned as a non-executive director of the Company in order to dedicate more time to his other business commitments. These changes were effective on June 3, 2026. Mr. Chen has over 13 years of experience in strategic investment, capital markets, and business analysis. He joined Kuaishou Technology in April 2018 and currently serves as Head of Business Analytics, responsible for Kuaishou Group’s strategy, investment and operational analysis. Before joining Kuaishou Group, he was the founder and served as the chief executive officer of Beijing Nebulium Games Technology Co. Ltd. from June 2013 to September 2017. Mr. Chen received his Master of Business Administration from Stanford University in June 2013.
Breakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.
お知らせ • May 11Zhihu Inc. to Report Q1, 2026 Results on Jun 03, 2026Zhihu Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 03, 2026
Breakeven Date Change • 11hForecast to breakeven in 2028The 7 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 78% per year to 2027. The company is expected to make a profit of CN¥11.7m in 2028. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
お知らせ • Jun 09Zhihu Inc., Annual General Meeting, Jun 30, 2026Zhihu Inc., Annual General Meeting, Jun 30, 2026, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, beijing China
Reported Earnings • Jun 04First quarter 2026 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 1Q 2025)First quarter 2026 results: CN¥0.11 loss per share (improved from CN¥0.12 loss in 1Q 2025). Revenue: CN¥651.6m (down 11% from 1Q 2025). Net loss: CN¥8.50m (loss narrowed 16% from 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
お知らせ • Jun 03Zhihu Inc. Announces Board Changes, Effective June 3, 2026Zhihu Inc. announced the appointment of Mr. Qu Chen as a non-executive director of the Company. Mr. Bing Yu resigned as a non-executive director of the Company in order to dedicate more time to his other business commitments. These changes were effective on June 3, 2026. Mr. Chen has over 13 years of experience in strategic investment, capital markets, and business analysis. He joined Kuaishou Technology in April 2018 and currently serves as Head of Business Analytics, responsible for Kuaishou Group’s strategy, investment and operational analysis. Before joining Kuaishou Group, he was the founder and served as the chief executive officer of Beijing Nebulium Games Technology Co. Ltd. from June 2013 to September 2017. Mr. Chen received his Master of Business Administration from Stanford University in June 2013.
Breakeven Date Change • May 20No longer forecast to breakevenThe 6 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥388.0m in 2027. New consensus forecast suggests the company will make a loss of CN¥21.4m in 2028.
お知らせ • May 11Zhihu Inc. to Report Q1, 2026 Results on Jun 03, 2026Zhihu Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 03, 2026
お知らせ • Mar 25Zhihu Inc. Reports Impairment of Goodwill for the Fourth Quarter Ended December 31, 2025Zhihu Inc. reported impairment of goodwill for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairment loss on goodwill of RMB 126,344,000.
お知らせ • Mar 03Zhihu Inc. to Report Q4, 2025 Results on Mar 25, 2026Zhihu Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 25, 2026
お知らせ • Oct 30Zhihu Inc. to Report Q3, 2025 Results on Nov 25, 2025Zhihu Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 25, 2025
お知らせ • Sep 30Zhihu Inc. Announces Resignation of Chief Technology Officer, Effective September 30, 2025Zhihu Inc. announced the resignation of Mr. Bin Sun from his position as the Company’s chief technology officer due to personal reasons, effective from September 30, 2025.
お知らせ • Jul 30Zhihu Inc. to Report Q2, 2025 Results on Aug 27, 2025Zhihu Inc. announced that they will report Q2, 2025 results on Aug 27, 2025
お知らせ • May 28Zhihu Inc., Annual General Meeting, Jun 25, 2025Zhihu Inc., Annual General Meeting, Jun 25, 2025, at 10:00 China Standard Time. Location: room xinzhi, floor 1, zone c, china industry-academy-research, achievement transformation center, no. 18a xueqing road, haidian district, , prc., beijing China
お知らせ • May 13Zhihu Inc. to Report Q1, 2025 Results on May 27, 2025Zhihu Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 27, 2025
お知らせ • Feb 27Zhihu Inc. to Report Fiscal Year 2024 Results on Mar 26, 2025Zhihu Inc. announced that they will report fiscal year 2024 results on Mar 26, 2025
お知らせ • Nov 11Zhihu Inc. to Report Q3, 2024 Results on Nov 26, 2024Zhihu Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 26, 2024
Buy Or Sell Opportunity • Oct 03Now 28% undervaluedOver the last 90 days, the stock has risen 28% to €3.48. The fair value is estimated to be €4.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 92% per annum over the same time period.
Reported Earnings • Aug 23Second quarter 2024 earnings released: CN¥0.89 loss per share (vs CN¥2.76 loss in 2Q 2023)Second quarter 2024 results: CN¥0.89 loss per share (improved from CN¥2.76 loss in 2Q 2023). Revenue: CN¥933.8m (down 11% from 2Q 2023). Net loss: CN¥82.7m (loss narrowed 70% from 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe.
お知らせ • Aug 09Zhihu Inc. to Report Q2, 2024 Results on Aug 22, 2024Zhihu Inc. announced that they will report Q2, 2024 results After-Market on Aug 22, 2024
お知らせ • Jul 20Zhihu Inc. (NYSE:ZH) announces an Equity Buyback for 46,921,448 shares, representing 15.93% for HKD 427.45 million.Zhihu Inc. (NYSE:ZH) announces a share repurchase program. Under the program, the company will repurchase up to 6,921,448 Class A Ordinary Shares (including in the form of ADSs), representing approximately 15.93% of its issued share capital, for HKD 427.45 million. The shares will be repurchased at a price of HKD 9.11 per Class A Ordinary Share (equivalent of $3.50 per ADS). The repurchases will be funded fully by internal cash resources of the Group. The Offer will provide an opportunity for the Shareholders and ADS holders either to tender Class A Ordinary Shares (including in the form of ADSs) to realize part of their investments in the Company at a premium to recent market prices and improve liquidity. The program is subject to approval of shareholders on or before the Long Stop Date. As of July 19, 2024, the company had 294,632,386 Shares issued and outstanding, which comprised 277,238,720 Class A Ordinary Shares and 17,393,666 Class B Ordinary Shares issued and outstanding.
Reported Earnings • Jun 14First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: CN¥960.9m (down 3.4% from 1Q 2023). Net loss: CN¥164.8m (loss narrowed 9.1% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe.
New Risk • Jun 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: CN¥844m Forecast net loss in 3 years: CN¥11m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (57% average daily change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (CN¥11m net loss in 3 years).
Breakeven Date Change • Jun 13No longer forecast to breakevenThe 7 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥104.6m in 2026. New consensus forecast suggests the company will make a loss of CN¥11.5m in 2026.
お知らせ • Jun 06Zhihu Inc. Announces Executive ChangesZhihu Inc. announced the appointment of Mr. Bin Sun as the Company's chief technology officer, effective immediately. Mr. Dahai Li resigned as the Company's chief technology officer due to his commitment of serving full-time as the chief executive officer of Modelbest, a technology start-up company dedicated to AI and large language models. Mr. Li will remain as a director of Zhihu. Mr. Sun is a seasoned technology leader with extensive experience in leading technology teams and developing technology strategies. Prior to joining the Company, Mr. Sun served as the Vice President of iQIYI Inc., where he spearheaded intelligent digital production, big data, and business intelligence initiatives. Prior to that, Mr. Sun served as the Deputy General Manager of Perfect World's education business from 2015 to 2017. Before that, Mr. Sun served in various positions related to product and engineering at technology companies such as Microsoft and Yahoo from 2006 to 2015. Mr. Sun holds a Bachelor's and a Master's degree in Computer Science from Harbin Institute of Technology.
お知らせ • May 31Zhihu Inc., Annual General Meeting, Jun 26, 2024Zhihu Inc., Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: room landing, floor 1, zone b, china industry-academy--research, achievement transformation center, no. 18a xueqing road, haidian district, beijing, China
お知らせ • May 29Zhihu Inc. to Report Q1, 2024 Results on Jun 12, 2024Zhihu Inc. announced that they will report Q1, 2024 results Pre-Market on Jun 12, 2024
Reported Earnings • Apr 29Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe.
Reported Earnings • Mar 27Full year 2023 earnings released: CN¥1.41 loss per share (vs CN¥2.59 loss in FY 2022)Full year 2023 results: CN¥1.41 loss per share (improved from CN¥2.59 loss in FY 2022). Revenue: CN¥4.20b (up 17% from FY 2022). Net loss: CN¥843.6m (loss narrowed 47% from FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe.
お知らせ • Mar 14Zhihu Inc. to Report Q4, 2023 Results on Mar 26, 2024Zhihu Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 26, 2024
お知らせ • Feb 19+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced the appointment of Mr. Han Wang as the chief financial officer of the Company, effective immediately. Mr. Henry Dachuan Sha resigned as the chief financial officer and is appointed as the chief investment officer of the Company, effective immediately. Prior to joining the Company, from 2020 to 2023, Mr. Wang was with Access Technology Ventures, a global investment platform under Access Industries Inc., the private holding company and investment firm founded by businessman and philanthropist Len Blavatnik. Prior to that, he held senior positions at leading investment firms, including at Hillhouse Capital as a Vice President between 2018 and 2020, and at Legend Capital as a Director from 2015 to 2018. Mr. Wang received a bachelor's degree in communication engineering from Beijing University of Posts and Telecommunications in China in 2012.
Breakeven Date Change • Dec 31Forecast to breakeven in 2026The 9 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥104.6m in 2026. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
Reported Earnings • Dec 01Third quarter 2023 earnings released: CN¥0.47 loss per share (vs CN¥0.49 loss in 3Q 2022)Third quarter 2023 results: CN¥0.47 loss per share (improved from CN¥0.49 loss in 3Q 2022). Revenue: CN¥1.02b (up 12% from 3Q 2022). Net loss: CN¥278.7m (loss narrowed 7.2% from 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe.
New Risk • Nov 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
お知らせ • Nov 17Zhihu Inc. to Report Q3, 2023 Results on Nov 29, 2023Zhihu Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 29, 2023
Breakeven Date Change • Aug 25Forecast to breakeven in 2025The 11 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 51% per year to 2024. The company is expected to make a profit of CN¥5.00m in 2025. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
New Risk • Aug 24New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥941m Forecast net loss in 2 years: CN¥200m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥200m net loss in 2 years).
Reported Earnings • Aug 23Second quarter 2023 earnings released: CN¥0.46 loss per share (vs CN¥0.79 loss in 2Q 2022)Second quarter 2023 results: CN¥0.46 loss per share (improved from CN¥0.79 loss in 2Q 2022). Revenue: CN¥1.04b (up 25% from 2Q 2022). Net loss: CN¥279.8m (loss narrowed 43% from 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Germany.
お知らせ • Aug 12Zhihu Inc. to Report Q2, 2023 Results on Aug 23, 2023Zhihu Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 23, 2023
New Risk • Jul 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% 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 Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years).
New Risk • Jun 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥350m net loss in 2 years). Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding).
Breakeven Date Change • May 25The 12 analysts covering Zhihu previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of CN¥34.8m in 2025. Average annual earnings growth of 75% is required to achieve expected profit on schedule.
お知らせ • May 25Zhihu Inc. Announces Changes in Board CommitteesZhihu Inc. announced that the Board has approved to split the nominating and corporate governance committee of the Board into a nomination committee and a corporate governance committee with separate functions and responsibilities under separate charters. The Nomination Committee will comprise Mr. Yuan Zhou, Ms. Hope Ni, Mr. Hanhui Sam Sun, and Mr. Derek Chen, with Ms. Hope Ni appointed as the chairperson of the Nomination Committee. The Corporate Governance Committee will comprise Ms. Hope Ni, Mr. Hanhui Sam Sun and Mr. Derek Chen, with Mr. Derek Chen appointed as the chairperson of the Corporate Governance Committee. These changes are effective May 24, 2023.
Reported Earnings • May 25First quarter 2023 earnings released: CN¥0.30 loss per share (vs CN¥1.02 loss in 1Q 2022)First quarter 2023 results: CN¥0.30 loss per share (improved from CN¥1.02 loss in 1Q 2022). Revenue: CN¥994.2m (up 34% from 1Q 2022). Net loss: CN¥181.4m (loss narrowed 71% from 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe.
お知らせ • May 13Zhihu Inc. to Report Q1, 2023 Results on May 24, 2023Zhihu Inc. announced that they will report Q1, 2023 results Pre-Market on May 24, 2023
Breakeven Date Change • Mar 26No longer forecast to breakevenThe 12 analysts covering Zhihu no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥145.8m in 2025. New consensus forecast suggests the company will make a loss of CN¥76.7m in 2025.
Breakeven Date Change • Mar 24Forecast to breakeven in 2025The 12 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 57% per year to 2024. The company is expected to make a profit of CN¥93.0m in 2025. Average annual earnings growth of 85% is required to achieve expected profit on schedule.
Buying Opportunity • Feb 23Now 27% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.
Buying Opportunity • Jan 27Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.
Buying Opportunity • Jan 11Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Earnings per share has grown by 64%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 60% per annum over the same time period.
お知らせ • Jan 03+ 1 more updateZhihu Inc. Announces Chief Financial Officer ChangesZhihu Inc. announced that its board of directors has appointed Mr. Henry Dachuan Sha as Chief Financial Officer of the Company, effective immediately. Mr. Sha will replace Mr. Wei Sun, who has tendered his resignation from the position of chief financial officer to pursue other business endeavors. Prior to joining the company, Mr. Sha served as the Chief Financial Officer of Quwan Holding Limited between October 2020 and December 2022. From September 2017 to December 2019, Mr. Sha served as the Chief Financial Officer of Huya Inc. Before his corporate career, Mr. Sha was a director of Greenwoods Asset Management from May 2015 to August 2017. He also worked at China Media Capital between August 2013 and July 2014. From August 2011 to August 2013, Mr. Sha worked in the Investment Banking Division of Goldman Sachs. Mr. Sha received a bachelor's degree in electronic engineering and a bachelor's degree in accounting from Fudan University in the PRC in July 2008 and July 2009, respectively.
Breakeven Date Change • Dec 31Forecast to breakeven in 2025The 14 analysts covering Zhihu expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥145.8m in 2025. Average annual earnings growth of 56% is required to achieve expected profit on schedule.
Board Change • Dec 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Derek Chen was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
