View Financial HealthCMST DevelopmentLtd 배당 및 자사주 매입배당 기준 점검 5/6CMST DevelopmentLtd 수익으로 충분히 충당되는 현재 수익률 2.41% 보유한 배당금 지급 회사입니다.핵심 정보2.4%배당 수익률0.1%자사주 매입 수익률총 주주 수익률2.5%미래 배당 수익률n/a배당 성장률12.1%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향48%최근 배당 및 자사주 매입 업데이트Declared Dividend • May 29Dividend reduced to CN¥0.07Dividend of CN¥0.07 is 45% lower than last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 11% 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 decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.7% EPS decline seen over the last 5 years.Declared Dividend • Jun 01Dividend of CN¥0.13 announcedShareholders will receive a dividend of CN¥0.13. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.모든 업데이트 보기Recent updatesReported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.18 in FY 2024)Full year 2025 results: EPS: CN¥0.25 (up from CN¥0.18 in FY 2024). Revenue: CN¥67.7b (up 7.2% from FY 2024). Net income: CN¥545.5m (up 35% from FY 2024). Profit margin: 0.8% (up from 0.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 8% 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.공시 • Mar 31CMST Development Co.,Ltd., Annual General Meeting, Apr 29, 2026CMST Development Co.,Ltd., Annual General Meeting, Apr 29, 2026, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China공시 • Mar 30CMST Development Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026CMST Development Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026공시 • Dec 26CMST Development Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026CMST Development Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.014 (vs CN¥0.003 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.014 (up from CN¥0.003 in 3Q 2024). Revenue: CN¥18.3b (up 8.8% from 3Q 2024). Net income: CN¥29.4m (up 311% from 3Q 2024). Profit margin: 0.2% (up from 0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공시 • Sep 30CMST Development Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025CMST Development Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025Reported Earnings • Sep 04Second quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.048 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.048 in 2Q 2024). Revenue: CN¥16.2b (down 1.8% from 2Q 2024). Net income: CN¥350.7m (up 238% from 2Q 2024). Profit margin: 2.2% (up from 0.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공시 • Jun 30CMST Development Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025CMST Development Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025Declared Dividend • May 29Dividend reduced to CN¥0.07Dividend of CN¥0.07 is 45% lower than last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 11% 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 decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.7% EPS decline seen over the last 5 years.New Risk • Apr 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.2% 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 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 (0.6% net profit margin).공시 • Apr 20CMST Development Co.,Ltd., Annual General Meeting, May 09, 2025CMST Development Co.,Ltd., Annual General Meeting, May 09, 2025, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing ChinaValuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥6.69, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 20x in the Logistics industry in China. Total returns to shareholders of 24% over the past three years.분석 기사 • Apr 02CMST Development Co.,Ltd.'s (SHSE:600787) Shares Lagging The Market But So Is The BusinessWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 38x, you may consider CMST...공시 • Mar 28CMST Development Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025CMST Development Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025분석 기사 • Feb 28CMST DevelopmentLtd (SHSE:600787) Shareholders Will Want The ROCE Trajectory To ContinueIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...New Risk • Feb 04New 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 Chinese stocks, typically moving 11% 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 (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Large one-off items impacting financial results.분석 기사 • Dec 29Is CMST DevelopmentLtd (SHSE:600787) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공시 • Dec 27CMST Development Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025CMST Development Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025분석 기사 • Dec 08CMST Development Co.,Ltd.'s (SHSE:600787) Price Is Right But Growth Is Lacking After Shares Rocket 38%Despite an already strong run, CMST Development Co.,Ltd. ( SHSE:600787 ) shares have been powering on, with a gain of...New Risk • Dec 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% 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 Dividend is not well covered by cash flows (114% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improves as stock rises 27%After last week's 27% share price gain to CN¥8.82, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 19x in the Logistics industry in China. Total returns to shareholders of 55% over the past three years.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥6.25, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 18x in the Logistics industry in China. Total loss to shareholders of 2.2% over the past three years.분석 기사 • Nov 01Solid Earnings May Not Tell The Whole Story For CMST DevelopmentLtd (SHSE:600787)The recent earnings posted by CMST Development Co.,Ltd. ( SHSE:600787 ) were solid, but the stock didn't move as much...Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.07 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.07 in 3Q 2023). Revenue: CN¥16.8b (up 1.8% from 3Q 2023). Net income: CN¥7.15m (down 95% from 3Q 2023). Profit margin: 0% (down from 0.9% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year.분석 기사 • Oct 23CMST Development Co.,Ltd.'s (SHSE:600787) Prospects Need A Boost To Lift SharesCMST Development Co.,Ltd.'s ( SHSE:600787 ) price-to-earnings (or "P/E") ratio of 11.8x might make it look like a...공시 • Sep 30CMST Development Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024CMST Development Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥5.32, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 19x in the Logistics industry in China. Negligible returns to shareholders over past three years.분석 기사 • Sep 27We Like These Underlying Return On Capital Trends At CMST DevelopmentLtd (SHSE:600787)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.048 (vs CN¥0.046 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.048 (up from CN¥0.046 in 2Q 2023). Revenue: CN¥16.5b (down 11% from 2Q 2023). Net income: CN¥103.7m (up 1.9% from 2Q 2023). Profit margin: 0.6% (up from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.분석 기사 • Aug 23A Look At The Fair Value Of CMST Development Co.,Ltd. (SHSE:600787)Key Insights CMST DevelopmentLtd's estimated fair value is CN¥3.77 based on 2 Stage Free Cash Flow to Equity Current...공시 • Jun 28CMST Development Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024CMST Development Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024분석 기사 • Jun 03We Like These Underlying Return On Capital Trends At CMST DevelopmentLtd (SHSE:600787)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Declared Dividend • Jun 01Dividend of CN¥0.13 announcedShareholders will receive a dividend of CN¥0.13. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.분석 기사 • Apr 25CMST DevelopmentLtd's (SHSE:600787) Shareholders May Want To Dig Deeper Than Statutory ProfitCMST Development Co.,Ltd. ( SHSE:600787 ) just released a solid earnings report, and the stock displayed some strength...Reported Earnings • Apr 20Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.29 in FY 2022)Full year 2023 results: EPS: CN¥0.36 (up from CN¥0.29 in FY 2022). Revenue: CN¥67.3b (down 12% from FY 2022). Net income: CN¥786.6m (up 23% from FY 2022). Profit margin: 1.2% (up from 0.8% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% 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.공시 • Apr 20CMST Development Co.,Ltd., Annual General Meeting, May 09, 2024CMST Development Co.,Ltd., Annual General Meeting, May 09, 2024, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China공시 • Mar 29CMST Development Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024CMST Development Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024분석 기사 • Mar 06CMST Development Co.,Ltd.'s (SHSE:600787) Earnings Are Not Doing Enough For Some InvestorsWith a price-to-earnings (or "P/E") ratio of 20.3x CMST Development Co.,Ltd. ( SHSE:600787 ) may be sending bullish...Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥5.19, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 22x in the Logistics industry in China. Total returns to shareholders of 22% over the past three years.Buy Or Sell Opportunity • Jan 25Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at CN¥5.08. The fair value is estimated to be CN¥4.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat.공시 • Dec 29CMST Development Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024CMST Development Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.009 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.009 in 3Q 2022). Revenue: CN¥16.5b (down 16% from 3Q 2022). Net income: CN¥151.3m (up CN¥131.0m from 3Q 2022). Profit margin: 0.9% (up from 0.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.054 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.054 in 2Q 2022). Revenue: CN¥18.7b (down 19% from 2Q 2022). Net income: CN¥101.8m (down 13% from 2Q 2022). Profit margin: 0.5% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 16Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.41 in FY 2021)Full year 2022 results: EPS: CN¥0.30 (down from CN¥0.41 in FY 2021). Revenue: CN¥76.8b (up 2.0% from FY 2021). Net income: CN¥640.5m (down 27% from FY 2021). Profit margin: 0.8% (down from 1.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥6.05, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the Logistics industry in China. Total returns to shareholders of 36% over the past three years.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Guanjiang Gao 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. Lack of board continuity.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.23 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.009 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥19.8b (down 2.7% from 3Q 2021). Net income: CN¥20.3m (down 96% from 3Q 2021). Profit margin: 0.1% (down from 2.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.054 (vs CN¥0.044 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.054 (up from CN¥0.044 in 2Q 2021). Revenue: CN¥22.9b (up 15% from 2Q 2021). Net income: CN¥116.4m (up 21% from 2Q 2021). Profit margin: 0.5% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Apr 28First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.024 in 1Q 2021). Revenue: CN¥15.8b (up 20% from 1Q 2021). Net income: CN¥325.9m (up CN¥274.1m from 1Q 2021). Profit margin: 2.1% (up from 0.4% in 1Q 2021). Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 52%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Wen Hu Liu was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥6.52, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 24x in the Logistics industry in China. Total loss to shareholders of 6.7% over the past three years.Reported Earnings • Apr 01Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥0.41 (up from CN¥0.26 in FY 2020). Revenue: CN¥75.2b (up 54% from FY 2020). Net income: CN¥881.0m (up 55% from FY 2020). Profit margin: 1.2% (in line with FY 2020). Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 52%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 26Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.069 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥20.3b (up 49% from 3Q 2020). Net income: CN¥499.4m (up 234% from 3Q 2020). Profit margin: 2.5% (up from 1.1% in 3Q 2020). 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 5% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥6.01, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 24x in the Logistics industry in China. Total loss to shareholders of 12% over the past three years.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.039 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥20.0b (up 63% from 2Q 2020). Net income: CN¥96.3m (up 13% from 2Q 2020). Profit margin: 0.5% (down from 0.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% 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.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥6.39, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 22x in the Logistics industry in China. Total loss to shareholders of 3.1% over the past three years.Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.024 (vs CN¥0.017 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¥13.2b (up 78% from 1Q 2020). Net income: CN¥51.8m (up 41% from 1Q 2020). Profit margin: 0.4% (down from 0.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% 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.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥5.86, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 26x in the Logistics industry in China. Total loss to shareholders of 38% over the past three years.Reported Earnings • Apr 10Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.13 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥48.8b (up 21% from FY 2019). Net income: CN¥566.8m (up 103% from FY 2019). Profit margin: 1.2% (up from 0.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.공시 • Jan 22CMST Development Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 20, 2021CMST Development Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 20, 2021Is New 90 Day High Low • Jan 05New 90-day high: CN¥4.96The company is up 8.0% from its price of CN¥4.61 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 3.0% over the same period.공시 • Nov 26Henan Lechu Logistics Service Co., Ltd. acquired 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) for approximately CNY 200 million.Henan Lechu Logistics Service Co., Ltd. acquired 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) for approximately CNY 200 million on November 23, 2020. The transaction has been deliberated and approved at the thirty seventh meeting of the eighth directorate. Henan Lechu Logistics Service Co., Ltd. completed the acquisition of 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) on November 23, 2020.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥287.4m, down 57% from the prior year. Total revenue was CN¥40.4b over the last 12 months, up 1.3% from the prior year.공시 • Oct 29CMST Development Co.,Ltd. to Report Q3, 2020 Results on Oct 31, 2020CMST Development Co.,Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020Is New 90 Day High Low • Oct 26New 90-day low: CN¥4.60The company is down 7.0% from its price of CN¥4.94 on 28 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 Logistics industry, which is up 13% over the same period.Is New 90 Day High Low • Oct 01New 90-day low: CN¥4.61The company is down 1.0% from its price of CN¥4.66 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 21% over the same period.공시 • Jul 17CMST Development Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020CMST Development Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 600787 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 600787 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장CMST DevelopmentLtd 배당 수익률 vs 시장600787의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (600787)2.4%시장 하위 25% (CN)0.4%시장 상위 25% (CN)2.0%업계 평균 (Logistics)2.1%분석가 예측 (600787) (최대 3년)n/a주목할만한 배당금: 600787 의 배당금( 2.41% )은 CN 시장에서 배당금 지급자의 하위 25%( 0.37% )보다 높습니다.고배당: 600787 의 배당금( 2.41% )은 CN 시장( 1.96% )주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 48% )로 600787 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적으로 낮은 현금 지급 비율 ( 39.7% )로 600787 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 03:46종가2026/05/27 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스CMST Development Co.,Ltd.는 4명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관You You LiuChina Stock Investment Research Co. Ltd. (GZ500..com)Cong Jun XieCitic Securities Co., Ltd.Xiaofeng ShenHuatai Research1명의 분석가 더 보기
Declared Dividend • May 29Dividend reduced to CN¥0.07Dividend of CN¥0.07 is 45% lower than last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 11% 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 decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.7% EPS decline seen over the last 5 years.
Declared Dividend • Jun 01Dividend of CN¥0.13 announcedShareholders will receive a dividend of CN¥0.13. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.18 in FY 2024)Full year 2025 results: EPS: CN¥0.25 (up from CN¥0.18 in FY 2024). Revenue: CN¥67.7b (up 7.2% from FY 2024). Net income: CN¥545.5m (up 35% from FY 2024). Profit margin: 0.8% (up from 0.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 8% 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.
공시 • Mar 31CMST Development Co.,Ltd., Annual General Meeting, Apr 29, 2026CMST Development Co.,Ltd., Annual General Meeting, Apr 29, 2026, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China
공시 • Mar 30CMST Development Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026CMST Development Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
공시 • Dec 26CMST Development Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026CMST Development Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.014 (vs CN¥0.003 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.014 (up from CN¥0.003 in 3Q 2024). Revenue: CN¥18.3b (up 8.8% from 3Q 2024). Net income: CN¥29.4m (up 311% from 3Q 2024). Profit margin: 0.2% (up from 0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공시 • Sep 30CMST Development Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025CMST Development Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
Reported Earnings • Sep 04Second quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.048 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.048 in 2Q 2024). Revenue: CN¥16.2b (down 1.8% from 2Q 2024). Net income: CN¥350.7m (up 238% from 2Q 2024). Profit margin: 2.2% (up from 0.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공시 • Jun 30CMST Development Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025CMST Development Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
Declared Dividend • May 29Dividend reduced to CN¥0.07Dividend of CN¥0.07 is 45% lower than last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 11% 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 decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.7% EPS decline seen over the last 5 years.
New Risk • Apr 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.2% 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 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 (0.6% net profit margin).
공시 • Apr 20CMST Development Co.,Ltd., Annual General Meeting, May 09, 2025CMST Development Co.,Ltd., Annual General Meeting, May 09, 2025, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥6.69, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 20x in the Logistics industry in China. Total returns to shareholders of 24% over the past three years.
분석 기사 • Apr 02CMST Development Co.,Ltd.'s (SHSE:600787) Shares Lagging The Market But So Is The BusinessWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 38x, you may consider CMST...
공시 • Mar 28CMST Development Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025CMST Development Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
분석 기사 • Feb 28CMST DevelopmentLtd (SHSE:600787) Shareholders Will Want The ROCE Trajectory To ContinueIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Risk • Feb 04New 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 Chinese stocks, typically moving 11% 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 (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Large one-off items impacting financial results.
분석 기사 • Dec 29Is CMST DevelopmentLtd (SHSE:600787) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공시 • Dec 27CMST Development Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025CMST Development Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025
분석 기사 • Dec 08CMST Development Co.,Ltd.'s (SHSE:600787) Price Is Right But Growth Is Lacking After Shares Rocket 38%Despite an already strong run, CMST Development Co.,Ltd. ( SHSE:600787 ) shares have been powering on, with a gain of...
New Risk • Dec 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% 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 Dividend is not well covered by cash flows (114% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improves as stock rises 27%After last week's 27% share price gain to CN¥8.82, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 19x in the Logistics industry in China. Total returns to shareholders of 55% over the past three years.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥6.25, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 18x in the Logistics industry in China. Total loss to shareholders of 2.2% over the past three years.
분석 기사 • Nov 01Solid Earnings May Not Tell The Whole Story For CMST DevelopmentLtd (SHSE:600787)The recent earnings posted by CMST Development Co.,Ltd. ( SHSE:600787 ) were solid, but the stock didn't move as much...
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.07 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.07 in 3Q 2023). Revenue: CN¥16.8b (up 1.8% from 3Q 2023). Net income: CN¥7.15m (down 95% from 3Q 2023). Profit margin: 0% (down from 0.9% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year.
분석 기사 • Oct 23CMST Development Co.,Ltd.'s (SHSE:600787) Prospects Need A Boost To Lift SharesCMST Development Co.,Ltd.'s ( SHSE:600787 ) price-to-earnings (or "P/E") ratio of 11.8x might make it look like a...
공시 • Sep 30CMST Development Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024CMST Development Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥5.32, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 19x in the Logistics industry in China. Negligible returns to shareholders over past three years.
분석 기사 • Sep 27We Like These Underlying Return On Capital Trends At CMST DevelopmentLtd (SHSE:600787)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.048 (vs CN¥0.046 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.048 (up from CN¥0.046 in 2Q 2023). Revenue: CN¥16.5b (down 11% from 2Q 2023). Net income: CN¥103.7m (up 1.9% from 2Q 2023). Profit margin: 0.6% (up from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
분석 기사 • Aug 23A Look At The Fair Value Of CMST Development Co.,Ltd. (SHSE:600787)Key Insights CMST DevelopmentLtd's estimated fair value is CN¥3.77 based on 2 Stage Free Cash Flow to Equity Current...
공시 • Jun 28CMST Development Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024CMST Development Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
분석 기사 • Jun 03We Like These Underlying Return On Capital Trends At CMST DevelopmentLtd (SHSE:600787)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Declared Dividend • Jun 01Dividend of CN¥0.13 announcedShareholders will receive a dividend of CN¥0.13. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
분석 기사 • Apr 25CMST DevelopmentLtd's (SHSE:600787) Shareholders May Want To Dig Deeper Than Statutory ProfitCMST Development Co.,Ltd. ( SHSE:600787 ) just released a solid earnings report, and the stock displayed some strength...
Reported Earnings • Apr 20Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.29 in FY 2022)Full year 2023 results: EPS: CN¥0.36 (up from CN¥0.29 in FY 2022). Revenue: CN¥67.3b (down 12% from FY 2022). Net income: CN¥786.6m (up 23% from FY 2022). Profit margin: 1.2% (up from 0.8% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% 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.
공시 • Apr 20CMST Development Co.,Ltd., Annual General Meeting, May 09, 2024CMST Development Co.,Ltd., Annual General Meeting, May 09, 2024, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China
공시 • Mar 29CMST Development Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024CMST Development Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
분석 기사 • Mar 06CMST Development Co.,Ltd.'s (SHSE:600787) Earnings Are Not Doing Enough For Some InvestorsWith a price-to-earnings (or "P/E") ratio of 20.3x CMST Development Co.,Ltd. ( SHSE:600787 ) may be sending bullish...
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥5.19, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 22x in the Logistics industry in China. Total returns to shareholders of 22% over the past three years.
Buy Or Sell Opportunity • Jan 25Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at CN¥5.08. The fair value is estimated to be CN¥4.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat.
공시 • Dec 29CMST Development Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024CMST Development Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.009 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.009 in 3Q 2022). Revenue: CN¥16.5b (down 16% from 3Q 2022). Net income: CN¥151.3m (up CN¥131.0m from 3Q 2022). Profit margin: 0.9% (up from 0.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.054 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.054 in 2Q 2022). Revenue: CN¥18.7b (down 19% from 2Q 2022). Net income: CN¥101.8m (down 13% from 2Q 2022). Profit margin: 0.5% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 16Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.41 in FY 2021)Full year 2022 results: EPS: CN¥0.30 (down from CN¥0.41 in FY 2021). Revenue: CN¥76.8b (up 2.0% from FY 2021). Net income: CN¥640.5m (down 27% from FY 2021). Profit margin: 0.8% (down from 1.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥6.05, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the Logistics industry in China. Total returns to shareholders of 36% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Guanjiang Gao 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. Lack of board continuity.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.23 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.009 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥19.8b (down 2.7% from 3Q 2021). Net income: CN¥20.3m (down 96% from 3Q 2021). Profit margin: 0.1% (down from 2.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.054 (vs CN¥0.044 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.054 (up from CN¥0.044 in 2Q 2021). Revenue: CN¥22.9b (up 15% from 2Q 2021). Net income: CN¥116.4m (up 21% from 2Q 2021). Profit margin: 0.5% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Apr 28First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.024 in 1Q 2021). Revenue: CN¥15.8b (up 20% from 1Q 2021). Net income: CN¥325.9m (up CN¥274.1m from 1Q 2021). Profit margin: 2.1% (up from 0.4% in 1Q 2021). Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 52%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Wen Hu Liu was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥6.52, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 24x in the Logistics industry in China. Total loss to shareholders of 6.7% over the past three years.
Reported Earnings • Apr 01Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥0.41 (up from CN¥0.26 in FY 2020). Revenue: CN¥75.2b (up 54% from FY 2020). Net income: CN¥881.0m (up 55% from FY 2020). Profit margin: 1.2% (in line with FY 2020). Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 52%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 26Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.069 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥20.3b (up 49% from 3Q 2020). Net income: CN¥499.4m (up 234% from 3Q 2020). Profit margin: 2.5% (up from 1.1% in 3Q 2020). 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 5% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥6.01, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 24x in the Logistics industry in China. Total loss to shareholders of 12% over the past three years.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.039 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥20.0b (up 63% from 2Q 2020). Net income: CN¥96.3m (up 13% from 2Q 2020). Profit margin: 0.5% (down from 0.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% 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.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥6.39, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 22x in the Logistics industry in China. Total loss to shareholders of 3.1% over the past three years.
Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.024 (vs CN¥0.017 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¥13.2b (up 78% from 1Q 2020). Net income: CN¥51.8m (up 41% from 1Q 2020). Profit margin: 0.4% (down from 0.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% 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.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥5.86, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 26x in the Logistics industry in China. Total loss to shareholders of 38% over the past three years.
Reported Earnings • Apr 10Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.13 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥48.8b (up 21% from FY 2019). Net income: CN¥566.8m (up 103% from FY 2019). Profit margin: 1.2% (up from 0.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
공시 • Jan 22CMST Development Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 20, 2021CMST Development Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 20, 2021
Is New 90 Day High Low • Jan 05New 90-day high: CN¥4.96The company is up 8.0% from its price of CN¥4.61 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 3.0% over the same period.
공시 • Nov 26Henan Lechu Logistics Service Co., Ltd. acquired 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) for approximately CNY 200 million.Henan Lechu Logistics Service Co., Ltd. acquired 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) for approximately CNY 200 million on November 23, 2020. The transaction has been deliberated and approved at the thirty seventh meeting of the eighth directorate. Henan Lechu Logistics Service Co., Ltd. completed the acquisition of 90% stake in Pingdingshan Chengchu Logistics Co., Ltd. from CMST Development Co.,Ltd. (SHSE:600787) on November 23, 2020.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥287.4m, down 57% from the prior year. Total revenue was CN¥40.4b over the last 12 months, up 1.3% from the prior year.
공시 • Oct 29CMST Development Co.,Ltd. to Report Q3, 2020 Results on Oct 31, 2020CMST Development Co.,Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020
Is New 90 Day High Low • Oct 26New 90-day low: CN¥4.60The company is down 7.0% from its price of CN¥4.94 on 28 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 Logistics industry, which is up 13% over the same period.
Is New 90 Day High Low • Oct 01New 90-day low: CN¥4.61The company is down 1.0% from its price of CN¥4.66 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 21% over the same period.
공시 • Jul 17CMST Development Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020CMST Development Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020