공고 • Jun 30
Caissa Tourism Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Caissa Tourism Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Board Change • May 20
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Independent Director Guangrong Fang is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공고 • Apr 29
Caissa Tourism Group Co., Ltd., Annual General Meeting, May 20, 2026 Caissa Tourism Group Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: 2F, No. 3, Guantao Road, Shibei District, Qingdao, Shandong China 공고 • Mar 31
Caissa Tourism Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Caissa Tourism Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 공고 • Dec 31
Caissa Tosun Development Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Caissa Tosun Development Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 공고 • Sep 30
Caissa Tosun Development Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Caissa Tosun Development Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 공고 • Jul 02
Caissa Tosun Development Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Caissa Tosun Development Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 공고 • Apr 24
Caissa Tosun Development Co.,Ltd., Annual General Meeting, May 16, 2025 Caissa Tosun Development Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: No. 37, Ningbo Road, Shibei District, Qingdao, Shandong China 공고 • Mar 31
Caissa Tosun Development Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Caissa Tosun Development Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 공고 • Dec 31
Caissa Tosun Development Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Caissa Tosun Development Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: CN¥0.001 loss per share (vs CN¥0.15 loss in 3Q 2023) Third quarter 2024 results: CN¥0.001 loss per share (improved from CN¥0.15 loss in 3Q 2023). Revenue: CN¥186.6m (down 27% from 3Q 2023). Net loss: CN¥1.29m (loss narrowed 99% from 3Q 2023). Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥4.60, the stock trades at a forward P/E ratio of 411x. Average forward P/E is 21x in the Hospitality industry in China. Total loss to shareholders of 36% over the past three years. 공고 • Sep 30
Caissa Tosun Development Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Caissa Tosun Development Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥160.0m (up 5.9% from 2Q 2023). Net loss: CN¥2.58m (loss narrowed 97% from 2Q 2023). Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. 공고 • Jun 29
Caissa Tosun Development Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Caissa Tosun Development Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 공고 • Apr 28
Caissa Tosun Development Co.,Ltd., Annual General Meeting, May 28, 2024 Caissa Tosun Development Co.,Ltd., Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: 9F, Honglian Business Building, Binhai Avenue, Haikou, Hainan China Agenda: To consider the 2023 annual report and its summary; to consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2023 profit distribution plan; to consider the 2023 internal control evaluation report; to consider the 2023 corporate social responsibility report; to consider the Unrecovered losses account for one third of the paid-in capital; to consider the 2024 financial budget report; to consider the 2024 investment plan; and to consider otehr matters. Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.009 loss per share (vs CN¥0.053 loss in 1Q 2023) First quarter 2024 results: CN¥0.009 loss per share (improved from CN¥0.053 loss in 1Q 2023). Revenue: CN¥160.9m (up 110% from 1Q 2023). Net loss: CN¥14.3m (loss narrowed 66% from 1Q 2023). Revenue is forecast to grow 81% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. 공고 • Mar 30
Caissa Tosun Development Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Caissa Tosun Development Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 공고 • Feb 23
Caissa Tosun Development Co., Ltd. Approves Management Changes Caissa Tosun Development Co. Ltd. approved at its Extraordinary General Meeting held on February 21, 2024, election of Chi Yongjie, Chen Lu, Li Jianqing, Cheng Qijian, Han Bing and Ding Jishi as non-independent directors. The company also approved election of Li Xue, Bao Mingxiao, and Ma Bo as independent directors and, Du Qun and Xie Junjie as supervisor. 공고 • Dec 30
Caissa Tosun Development Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Caissa Tosun Development Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Dec 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major 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 Risks Negative equity (-CN¥869m). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.15 loss per share (vs CN¥0.54 loss in 3Q 2022) Third quarter 2023 results: CN¥0.15 loss per share (improved from CN¥0.54 loss in 3Q 2022). Revenue: CN¥255.0m (up 295% from 3Q 2022). Net loss: CN¥117.6m (loss narrowed 72% from 3Q 2022). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.094 loss per share (vs CN¥0.13 loss in 2Q 2022) Second quarter 2023 results: CN¥0.094 loss per share (improved from CN¥0.13 loss in 2Q 2022). Revenue: CN¥151.1m (up 119% from 2Q 2022). Net loss: CN¥75.4m (loss narrowed 29% from 2Q 2022). Revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Hospitality industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 36% per year. 공고 • May 06
Caissa Tosun Development Co.,Ltd., Annual General Meeting, May 24, 2023 Caissa Tosun Development Co.,Ltd., Annual General Meeting, May 24, 2023, at 15:00 China Standard Time. Agenda: To consider 2022 annual report and its summary; to consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 profit distribution plan; to consider reappointment of 2023 audit firm; to consider 2023 application for comprehensive credit line; to consider 2023 estimated external guarantee quota; to consider 2022 special report on the deposit and use of raised funds; to consider 2022 corporate social responsibility report; to consider unrecovered losses account for one-third of the paid-in capital; and to consider other matters. Reported Earnings • Apr 29
Full year 2022 earnings released: CN¥1.29 loss per share (vs CN¥0.86 loss in FY 2021) Full year 2022 results: CN¥1.29 loss per share (further deteriorated from CN¥0.86 loss in FY 2021). Revenue: CN¥319.7m (down 66% from FY 2021). Net loss: CN¥1.02b (loss widened 48% from FY 2021). Revenue is forecast to grow 86% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Hospitality industry in China. 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. Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Chairman of the Supervisory Board Yi Wang is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 02
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Chairman of the Supervisory Board Yi Wang is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.11 loss per share (vs CN¥0.11 loss in 3Q 2021) Third quarter 2022 results: CN¥0.11 loss per share (further deteriorated from CN¥0.11 loss in 3Q 2021). Revenue: CN¥94.9m (down 54% from 3Q 2021). Net loss: CN¥89.6m (flat on 3Q 2021). Revenue is forecast to grow 91% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Hospitality industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 03
Second quarter 2022 earnings released: CN¥0.13 loss per share (vs CN¥0.094 loss in 2Q 2021) Second quarter 2022 results: CN¥0.13 loss per share (down from CN¥0.094 loss in 2Q 2021). Revenue: CN¥68.9m (down 79% from 2Q 2021). Net loss: CN¥106.9m (loss widened 42% from 2Q 2021). Over the next year, revenue is forecast to grow 248%, compared to a 63% growth forecast for the Hospitality industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • May 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 5 experienced directors. No highly experienced directors. Employee Member of the Supervisory Board Zhi Fu is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.079 loss per share (vs CN¥0.12 loss in 1Q 2021) First quarter 2022 results: CN¥0.079 loss per share (up from CN¥0.12 loss in 1Q 2021). Revenue: CN¥121.5m (down 49% from 1Q 2021). Net loss: CN¥63.1m (loss narrowed 33% from 1Q 2021). Over the next year, revenue is forecast to grow 329%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 5 experienced directors. No highly experienced directors. Employee Member of the Supervisory Board Zhi Fu is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 5 experienced directors. No highly experienced directors. Employee Member of the Supervisory Board Zhi Fu is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.11 loss per share (vs CN¥0.094 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CN¥204.7m (down 31% from 3Q 2020). Net loss: CN¥89.3m (loss widened 19% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 27
Second quarter 2021 earnings released: CN¥0.094 loss per share (vs CN¥0.067 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: CN¥335.1m (up 145% from 2Q 2020). Net loss: CN¥75.2m (loss widened 40% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
First quarter 2021 earnings released: CN¥0.12 loss per share (vs CN¥0.08 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CN¥240.2m (down 68% from 1Q 2020). Net loss: CN¥94.1m (loss widened 47% from 1Q 2020). Reported Earnings • Apr 02
Full year 2020 earnings released: CN¥0.87 loss per share (vs CN¥0.16 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.61b (down 73% from FY 2019). Net loss: CN¥698.3m (down CN¥823.9m from profit in FY 2019). Is New 90 Day High Low • Jan 20
New 90-day low: CN¥8.98 The company is down 36% from its price of CN¥13.95 on 23 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 3.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥12.58 The company is down 23% from its price of CN¥16.28 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥12.60 The company is down 15% from its price of CN¥14.77 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 3.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: CN¥0.094 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CN¥297.9m (down 88% from 3Q 2019). Net loss: CN¥75.2m (down 149% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 24
New 90-day low: CN¥13.95 The company is down 18% from its price of CN¥17.04 on 24 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.