Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Chen Yudong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 17
Friend Co.,Ltd., Annual General Meeting, May 21, 2026 Friend Co.,Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China 공시 • Mar 30
Friend Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Friend Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 공시 • Dec 26
Friend Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Friend Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 공시 • Sep 30
Friend Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Friend Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 공시 • Jun 30
Friend Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Friend Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 공시 • Apr 26
Friend Co.,Ltd., Annual General Meeting, May 27, 2025 Friend Co.,Ltd., Annual General Meeting, May 27, 2025, at 14:30 China Standard Time. Location: 9F, East Building, No. 55, Fuqiao Road, Baoshan District, Shanghai China 공시 • Mar 28
Friend Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Friend Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 공시 • Dec 27
Friend Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Friend Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 공시 • Dec 25
Friend Co.,Ltd. (SHSE:605050) announces an Equity Buyback for CNY 80 million worth of its shares. Friend Co.,Ltd. (SHSE:605050) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at no more than CNY 15.03 per Share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. The program will be funded from own funds and special bank loans for the share repurchase. The plan will be valid for 12 months. 공시 • Sep 30
Friend Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Friend Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.082 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.082 (down from CN¥0.19 in 2Q 2023). Revenue: CN¥2.71b (up 18% from 2Q 2023). Net income: CN¥40.8m (down 56% from 2Q 2023). Profit margin: 1.5% (down from 4.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Aug 06
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to CN¥8.27. The fair value is estimated to be CN¥6.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. 공시 • Jun 28
Friend Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Friend Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 공시 • May 01
Friend Co.,Ltd., Annual General Meeting, May 20, 2024 Friend Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.17 in 1Q 2023). Revenue: CN¥2.39b (up 12% from 1Q 2023). Net income: CN¥76.7m (down 10% from 1Q 2023). Profit margin: 3.2% (down from 4.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.85 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥0.85 (up from CN¥0.70 in FY 2022). Revenue: CN¥9.76b (down 5.6% from FY 2022). Net income: CN¥417.3m (up 37% from FY 2022). Profit margin: 4.3% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China. 공시 • Mar 29
Friend Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Friend Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥0.84 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥0.84 (up from CN¥0.70 in FY 2022). Revenue: CN¥9.78b (down 5.4% from FY 2022). Net income: CN¥417.1m (up 37% from FY 2022). Profit margin: 4.3% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥9.63, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Metals and Mining industry in China. 공시 • Dec 30
Friend Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Friend Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥12.98, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 30x in the Metals and Mining industry in China. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.18 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.18 in 3Q 2022). Revenue: CN¥2.53b (down 14% from 3Q 2022). Net income: CN¥115.2m (up 46% from 3Q 2022). Profit margin: 4.5% (up from 2.7% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥2.30b (up 9.2% from 2Q 2022). Net income: CN¥93.6m (up 48% from 2Q 2022). Profit margin: 4.1% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. 공시 • Jun 28
Friend Co.,Ltd. to Report Q2, 2023 Results on Aug 23, 2023 Friend Co.,Ltd. announced that they will report Q2, 2023 results on Aug 23, 2023 Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: CN¥0.70 (vs CN¥0.78 in FY 2021) Full year 2022 results: EPS: CN¥0.70 (down from CN¥0.78 in FY 2021). Revenue: CN¥10.3b (up 3.9% from FY 2021). Net income: CN¥305.0m (down 9.8% from FY 2021). Profit margin: 2.9% (down from 3.4% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Mar 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Dongdong Dong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
