공시 • Apr 28
Lets Holdings Group Co., Ltd., Annual General Meeting, May 18, 2026 Lets Holdings Group Co., Ltd., Annual General Meeting, May 18, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China 공시 • Mar 31
Lets Holdings Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Lets Holdings Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Mar 04
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to CN¥5.44. The fair value is estimated to be CN¥4.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 55%. 공시 • Dec 31
Lets Holdings Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Lets Holdings Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.62, the stock trades at a trailing P/E ratio of 76x. Average forward P/E is 16x in the Basic Materials industry in China. Total loss to shareholders of 3.6% over the past three years. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% 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 Earnings have declined by 36% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (112% payout ratio). Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.039 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.051 (up from CN¥0.039 in 3Q 2024). Revenue: CN¥608.8m (down 9.1% from 3Q 2024). Net income: CN¥31.7m (up 35% from 3Q 2024). Profit margin: 5.2% (up from 3.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 55% 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. 공시 • Sep 30
Lets Holdings Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Lets Holdings Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 공시 • Sep 18
Lets Holdings Group Co., Ltd. Announces Board Appointments Lets Holdings Group Co., Ltd. at its EGM, held on September 16, 2025, approved the appointment of Wang Fengzhou as independent directors, and Pan Zhifeng as non-independent directors. 공시 • Jul 02
Lets Holdings Group Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Lets Holdings Group Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Buy Or Sell Opportunity • Jun 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥4.73. The fair value is estimated to be CN¥6.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 46%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 426% in the next 2 years. Declared Dividend • Jun 11
Dividend of CN¥0.08 announced Dividend of CN¥0.08 is the same as last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 43% to bring the payout ratio under control. EPS is expected to grow by 208% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • May 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CN¥4.66. The fair value is estimated to be CN¥5.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 46%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 426% in the next 2 years. 공시 • Apr 28
Lets Holdings Group Co., Ltd., Annual General Meeting, May 16, 2025 Lets Holdings Group Co., Ltd., Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China New Risk • Apr 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Apr 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.07 (down from CN¥0.22 in FY 2023). Revenue: CN¥2.62b (down 14% from FY 2023). Net income: CN¥49.3m (down 69% from FY 2023). Profit margin: 1.9% (down from 5.2% in FY 2023). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 16
Price target decreased by 12% to CN¥4.18 Down from CN¥4.78, the current price target is provided by 1 analyst. New target price is 5.4% below last closing price of CN¥4.42. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.21 for next year compared to CN¥0.22 last year. 공시 • Mar 31
Lets Holdings Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Lets Holdings Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.18, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Basic Materials industry in China. Total loss to shareholders of 23% over the past three years. New Risk • Feb 06
New minor risk - Share price stability The 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.06, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Basic Materials industry in China. Total loss to shareholders of 21% over the past three years. 공시 • Dec 31
Lets Holdings Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Lets Holdings Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥5.05, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Basic Materials industry in China. Total loss to shareholders of 22% over the past three years. New Risk • Nov 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.039 (vs CN¥0.06 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.039 (down from CN¥0.06 in 3Q 2023). Revenue: CN¥670.1m (down 30% from 3Q 2023). Net income: CN¥23.5m (down 45% from 3Q 2023). Profit margin: 3.5% (down from 4.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. 공시 • Sep 30
Lets Holdings Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Lets Holdings Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥4.08, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Basic Materials industry in China. Total loss to shareholders of 28% over the past three years. New Risk • Aug 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks Dividend is not well covered by cash flows (214% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.17b to CN¥2.85b. EPS estimate also fell from CN¥0.25 per share to CN¥0.22 per share. Net income forecast to grow 58% next year vs 37% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥4.78 to CN¥4.50. Share price was steady at CN¥3.66 over the past week. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.041 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥658.3m (down 36% from 2Q 2023). Net income: CN¥30.5m (down 60% from 2Q 2023). Profit margin: 4.6% (down from 7.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. 공시 • Jun 29
Lets Holdings Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Lets Holdings Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 공시 • Jun 13
Lets Holdings Group Co., Ltd. Implements 2023 Final Profit Distribution for A Shares, Payable on 17 June 2024 Lets Holdings Group Co., Ltd. implemented 2023 final profit distribution plan for A shares. Cash dividend/10 shares (tax included) of CNY 0.80000000. Record date is 14 June 2024, ex-date is 17 June 2024 and payment date is 17 June 2024. Board Change • Jun 04
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Chunjiao Yang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.22 (down from CN¥0.30 in FY 2022). Revenue: CN¥3.06b (down 23% from FY 2022). Net income: CN¥158.9m (down 25% from FY 2022). Profit margin: 5.2% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 17
Consensus revenue estimates fall by 24% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.46b to CN¥3.38b. EPS estimate fell from CN¥0.43 to CN¥0.415 per share. Net income forecast to grow 70% next year vs 20% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥7.46 to CN¥5.73. Share price fell 7.8% to CN¥3.88 over the past week. 공시 • Apr 16
Lets Holdings Group Co., Ltd., Annual General Meeting, May 07, 2024 Lets Holdings Group Co., Ltd., Annual General Meeting, May 07, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥3.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Basic Materials industry in China. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.92 per share. 공시 • Mar 30
Lets Holdings Group Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Lets Holdings Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 공시 • Mar 08
Lets Holdings Group Co., Ltd. (SZSE:002398) commences an Equity Buyback Plan for CNY 100 million worth of its shares, under the authorization approved on March 5, 2024. Lets Holdings Group Co., Ltd. (SZSE:002398) commences share repurchases on March 6, 2024, under the program mandated by the shareholders in the Annual General Meeting held on March 5, 2024. As per the mandate, the company is authorized to repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 5.10 per Share. The repurchased shares will be used to cancel and reduce registered capital and subsequently implement employee stock ownership plans or equity incentive plans. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months. As of February 19, 2024, the company had 713,622,908 shares outstanding. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥4.17, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Basic Materials industry in China. Total loss to shareholders of 43% over the past three years. 공시 • Dec 30
Lets Holdings Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Lets Holdings Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥952.7m (down 9.5% from 3Q 2022). Net income: CN¥42.4m (down 43% from 3Q 2022). Profit margin: 4.5% (down from 7.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Price Target Changed • Sep 05
Price target decreased by 12% to CN¥7.31 Down from CN¥8.28, the current price target is an average from 3 analysts. New target price is 33% above last closing price of CN¥5.51. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.30 last year. Major Estimate Revision • Sep 04
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.71b to CN¥3.86b. EPS estimate fell from CN¥0.475 to CN¥0.35 per share. Net income forecast to grow 51% next year vs 56% growth forecast for Basic Materials industry in China. Consensus price target reaffirmed at CN¥8.28. Share price rose 3.0% to CN¥5.46 over the past week. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11. Revenue: CN¥1.04b (down 7.9% from 2Q 2022). Net income: CN¥76.8m (down 4.1% from 2Q 2022). Profit margin: 7.4% (up from 7.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. 공시 • May 09
Lets Holdings Group Co., Ltd. Approves Final Cash Dividend for A Shares for the Year 2022, Payable on 12 May 2023 Lets Holdings Group Co., Ltd. approved final Cash dividend/10 shares (tax included) of CNY 0.80000000 for A shares for the year 2022. Record date is 11 May 2023. Ex-date is 12 May 2023. Payment date is 12 May 2023. Price Target Changed • Apr 28
Price target increased by 15% to CN¥8.52 Up from CN¥7.40, the current price target is an average from 2 analysts. New target price is 38% above last closing price of CN¥6.19. Stock is down 1.0% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.30 last year. Reported Earnings • Mar 29
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.30 (down from CN¥0.38 in FY 2021). Revenue: CN¥3.95b (down 20% from FY 2021). Net income: CN¥210.8m (down 23% from FY 2021). Profit margin: 5.3% (down from 5.5% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to CN¥7.40 Down from CN¥8.10, the current price target is an average from 3 analysts. New target price is 22% above last closing price of CN¥6.08. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.38 last year. Price Target Changed • Nov 02
Price target decreased to CN¥7.40 Down from CN¥8.10, the current price target is an average from 3 analysts. New target price is 31% above last closing price of CN¥5.63. Stock is down 7.4% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.38 last year. Board Change • Oct 31
High number of new directors Independent Director Chunjiao Yang was the last director to join the board, commencing their role in 2022. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥1.05b (down 18% from 3Q 2021). Net income: CN¥73.8m (down 9.8% from 3Q 2021). Profit margin: 7.0% (up from 6.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 공시 • Sep 28
Lets Holdings Group Co., Ltd. Elected Yang Chunjiao and Li Wankai as Independent Directors Lets Holdings Group Co., Ltd. elected Yang Chunjiao and Li Wankai as independent directors at the Extraordinary General Meeting held on September 26, 2022. Major Estimate Revision • Aug 29
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥6.07b to CN¥5.38b. EPS estimate fell from CN¥0.52 to CN¥0.45 per share. Net income forecast to grow 42% next year vs 30% growth forecast for Basic Materials industry in China. Consensus price target of CN¥7.67 unchanged from last update. Share price fell 7.1% to CN¥6.29 over the past week. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11. Revenue: CN¥1.12b (down 19% from 2Q 2021). Net income: CN¥80.1m (up 2.3% from 2Q 2021). Profit margin: 7.1% (up from 5.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 33%, compared to a 16% growth forecast for the Basic Materials industry in China. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥6.95, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Basic Materials industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.58 per share. 공시 • Jun 01
Lets Holdings Group Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 08 June 2022 Lets Holdings Group Co., Ltd. announced final cash dividend of CNY 0.80000000 per 10 shares on A shares for 2021. Record date is 07 June 2022, Ex-date is 08 June 2022 and Payment date is 08 June 2022. 공시 • May 24
Lets Holdings Group Approves Cash Dividend for 2021 Lets Holdings Group Co., Ltd. at the AGM held on May 20, 2022 approved cash dividend/10 shares (tax included) of CNY 0.80000000 for 2021. 공시 • May 02
Lets Holdings Group Co., Ltd. proposes Cash dividend for the Year 2021 Lets Holdings Group Co., Ltd. proposed cash dividend/10 shares (tax included): CNY 0.80000000 for the year 2021. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.08 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥882.6m (flat on 1Q 2021). Net income: CN¥55.5m (down 23% from 1Q 2021). Profit margin: 6.3% (down from 8.1% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Price Target Changed • Apr 27
Price target decreased to CN¥7.50 Down from CN¥8.89, the current price target is provided by 1 analyst. New target price is 17% above last closing price of CN¥6.39. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.38 last year. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Xiangyi Lin was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 25% over the past three years. Reported Earnings • Mar 09
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.38 (down from CN¥0.54 in FY 2020). Revenue: CN¥4.92b (up 27% from FY 2020). Net income: CN¥271.4m (down 27% from FY 2020). Profit margin: 5.5% (down from 9.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 26%, compared to a 14% growth forecast for the 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 increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 17
Price target decreased to CN¥7.64 Down from CN¥8.89, the current price target is an average from 3 analysts. New target price is 8.6% above last closing price of CN¥7.03. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.54 last year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.16 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¥1.29b (up 22% from 3Q 2020). Net income: CN¥81.8m (down 25% from 3Q 2020). Profit margin: 6.4% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.17 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¥1.39b (up 31% from 2Q 2020). Net income: CN¥78.3m (down 36% from 2Q 2020). Profit margin: 5.7% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 공시 • May 12
Lets Holdings Group Co., Ltd. Declares Final Distribution Plan for the Year 2020 Lets Holdings Group Co., Ltd. declares final Cash dividend/10 shares (tax included): CNY0.80000000 for the year 2020, record date: 17 May 2021, ex-date: 18 May 2021, payment date: 18 May 2021. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.08 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¥890.8m (up 97% from 1Q 2020). Net income: CN¥72.2m (up 36% from 1Q 2020). Profit margin: 8.1% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.54 (vs CN¥0.58 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥3.87b (up 14% from FY 2019). Net income: CN¥372.5m (down 7.5% from FY 2019). Profit margin: 9.6% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 공시 • Feb 25
Lets Holdings Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Lets Holdings Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥7.01 The company is down 15% from its price of CN¥8.28 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.94 per share. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥7.42 The company is down 25% from its price of CN¥9.88 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.14 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥7.87 The company is down 23% from its price of CN¥10.22 on 23 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 Basic Materials industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.14 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥374.9m, up 4.8% from the prior year. Total revenue was CN¥3.61b over the last 12 months, up 13% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: CN¥9.52 The company is down 11% from its price of CN¥10.69 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.34 per share. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥9.80 The company is down 14% from its price of CN¥11.43 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.35 per share. 공시 • Aug 02
Lets Holdings Group Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Lets Holdings Group Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
