View ValuationCheerwin Group 향후 성장Future 기준 점검 2/6Cheerwin Group (는) 각각 연간 11.3% 및 12.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 11.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 9.9% 로 예상됩니다.핵심 정보11.3%이익 성장률11.20%EPS 성장률Household Products 이익 성장0.4%매출 성장률12.7%향후 자기자본이익률9.85%애널리스트 커버리지Low마지막 업데이트31 Mar 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Non-Executive Director Rong Yu 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.Declared Dividend • May 20Final dividend of HK$0.093 announcedShareholders will receive a dividend of HK$0.093. Ex-date: 24th June 2026 Payment date: 8th July 2026 Dividend yield will be 41%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 25% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 26Cheerwin Group Limited, Annual General Meeting, Jun 17, 2026Cheerwin Group Limited, Annual General Meeting, Jun 17, 2026.공시 • Mar 13Cheerwin Group Limited to Report Fiscal Year 2025 Results on Mar 25, 2026Cheerwin Group Limited announced that they will report fiscal year 2025 results on Mar 25, 2026공시 • Aug 18Cheerwin Group Limited to Report First Half, 2025 Results on Aug 28, 2025Cheerwin Group Limited announced that they will report first half, 2025 results on Aug 28, 2025공시 • Jun 19Cheerwin Group Limited Declares Final Dividend for the Year Ended 31 December 2024Cheerwin Group Limited at its AGM Held on June 19, 2025 approved to declare a final dividend of RMB 0.0682 per share (equivalent to HKD 0.0739 per share) of the Company for the year ended 31 December 2024.공시 • Mar 25Cheerwin Group Limited, Annual General Meeting, Jun 19, 2025Cheerwin Group Limited, Annual General Meeting, Jun 19, 2025.공시 • Mar 13Cheerwin Group Limited to Report Fiscal Year 2024 Results on Mar 25, 2025Cheerwin Group Limited announced that they will report fiscal year 2024 results on Mar 25, 2025Recent Insider Transactions • Oct 17Chairman of the Board & CEO recently bought €68k worth of stockOn the 9th of October, Danxia Chen bought around 300k shares on-market at roughly €0.23 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €161k worth in shares.Reported Earnings • Sep 29First half 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.10 in 1H 2023)First half 2024 results: EPS: CN¥0.14 (up from CN¥0.10 in 1H 2023). Revenue: CN¥1.25b (up 10% from 1H 2023). Net income: CN¥179.5m (up 32% from 1H 2023). Profit margin: 14% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 28First half 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.10 in 1H 2023)First half 2024 results: EPS: CN¥0.14 (up from CN¥0.10 in 1H 2023). Revenue: CN¥1.25b (up 10% from 1H 2023). Net income: CN¥179.5m (up 32% from 1H 2023). Profit margin: 14% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.New Risk • Aug 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Aug 26Cheerwin Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 10 October 2024Cheerwin Group Limited announced interim dividend of RMB 0.0538 per share for the six months ended June 30, 2024. The dividend is payable on 10 October 2024 with Ex-dividend date of 11 September 2024 and Record date of 17 September 2024.공시 • Aug 14Cheerwin Group Limited to Report First Half, 2024 Results on Aug 26, 2024Cheerwin Group Limited announced that they will report first half, 2024 results on Aug 26, 2024공시 • Jul 16Cheerwin Group Limited Announces Board ChangesCheerwin Group Limited announced that Mr. Xie Rusong (Mr. Xie) has tendered his resignation as an executive director with effect from 16 July 2024 due to the company's internal work deployment and he is appointed as the company's consultant on operation and management, such that more of his attention would be dedicated to his new role. The board announced that Ms. Wang Dong (Ms. Wang) and Mr. Lv Yongji (Mr. Lv) have both been appointed as executive Directors with effect from 16 July 2024 (the Appointments). Ms. Wang Dong, aged 45, is the chief operating officer, the general manager of the brand management center, general manager of the technology research and development center, and joint company secretary of the Company. She is primarily responsible for overseeing the overall business operation and brand management of the Group, and in charge of brand management center, e-commerce operation center, technology research and development center, and Guangdong Zhongkeyan Cosmetic Technology Research Company Limited, etc. She also serves as the general manager of brand management center in Guangzhou Cheerwin Biotechnology Company Limited. Ms. Wang has over 21 years of experience in consumer goods industry. From December 2016 to March 2019, Ms. Wang was the general manager in Guangzhou Megahive Media Company Limited. From June 2002 to November 2016, Ms. Wang served in Guangzhou Liby Group Company Limited with her last position being the deputy general manager of brand management center and director of media communication division. Ms. Wang assumed responsibility for brand management of the Cheerwin Business Division in July 2012. She was officially transferred to the Group in April 2019. Ms. Wang obtained her dual bachelor's degrees in packaging engineering and business administration from Wuhan Polytechnic University, the PRC, in June 2002. In 2016, Ms. Wang was recognized as the Guangzhou Municipal March 8th Red-Banner Pacesetter by Guangzhou Women's Federation. Mr. Lv Yongji, aged 37, is the vice president of marketing of the Company. He suggests and participates in the discussions about the Group's operation and management decisions on major issues, and is in charge of the marketing management of the sales center, marketing force planning department, and commercial and overseas business department of the Group. Mr. Lv has over 16 years of experience in consumer goods industry. Mr. Lv worked in Guangzhou Liby Group Company Limited from July 2008 to December 2023 with his last position being the vice president of the sales head office and the director of the live sales business. He was formally transferred to the Group in December 2023. Mr. Lv received his bachelor degree in polymer materials science and engineering from Nanchang University, the PRC, in June 2008.공시 • Jun 19Cheerwin Group Limited Approves Final Dividend for the Year Ended 31 December 2023Cheerwin Group Limited at its AGM held on June 19, 2024 approved final dividend of RMB 0.0640 per share (equivalent to HKD 0.0705 per share) of the Company for the year ended 31 December 2023.Upcoming Dividend • Jun 17Upcoming dividend of HK$0.07 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 08 July 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%).공시 • May 01Cheerwin Group Limited, Annual General Meeting, Jun 19, 2024Cheerwin Group Limited, Annual General Meeting, Jun 19, 2024. Agenda: To consider final dividend.Reported Earnings • Mar 26Full year 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.049 in FY 2022)Full year 2023 results: EPS: CN¥0.13 (up from CN¥0.049 in FY 2022). Revenue: CN¥1.62b (up 12% from FY 2022). Net income: CN¥175.0m (up 170% from FY 2022). Profit margin: 11% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.공시 • Mar 14Cheerwin Group Limited to Report Fiscal Year 2023 Results on Mar 25, 2024Cheerwin Group Limited announced that they will report fiscal year 2023 results on Mar 25, 2024Upcoming Dividend • Sep 06Upcoming dividend of HK$0.045 per share at 3.0% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 12 October 2023. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).Reported Earnings • Aug 30First half 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.067 in 1H 2022)First half 2023 results: EPS: CN¥0.10 (up from CN¥0.067 in 1H 2022). Revenue: CN¥1.13b (up 11% from 1H 2022). Net income: CN¥136.5m (up 52% from 1H 2022). Profit margin: 12% (up from 8.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Household Products industry in Europe.공시 • Aug 12Cheerwin Group Limited to Report First Half, 2023 Results on Aug 28, 2023Cheerwin Group Limited announced that they will report first half, 2023 results on Aug 28, 2023공시 • Jun 20Cheerwin Group Limited Approves Final Dividend for the Year Ended 31 December 2022Cheerwin Group Limited announced that at its Annual General Meeting held on 19 June 2023, declare a final dividend of RMB 0.0220 per share (equivalent to HKD 0.0251 per share) of the Company for the year ended 31 December 2022.Upcoming Dividend • Jun 14Upcoming dividend of HK$0.025 per share at 2.8% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 07 July 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%).Reported Earnings • Mar 25Full year 2022 earnings released: EPS: CN¥0.049 (vs CN¥0.072 in FY 2021)Full year 2022 results: EPS: CN¥0.049 (down from CN¥0.072 in FY 2021). Revenue: CN¥1.44b (down 19% from FY 2021). Net income: CN¥64.7m (down 30% from FY 2021). Profit margin: 4.5% (down from 5.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Household Products industry in Europe.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Board & CEO Danxia Chen is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Rong Yu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Recent Insider Transactions • Oct 23VP & Executive Director recently bought €63k worth of stockOn the 19th of October, Rusong Xie bought around 311k shares on-market at roughly €0.20 per share. This transaction increased Rusong's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €126k. Insiders have collectively bought €776k more in shares than they have sold in the last 12 months.Upcoming Dividend • Sep 07Upcoming dividend of HK$0.019 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 12 October 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%).Recent Insider Transactions • Sep 06Chairman of the Board & CEO recently bought €126k worth of stockOn the 2nd of September, Danxia Chen bought around 500k shares on-market at roughly €0.25 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €679k worth in shares.Reported Earnings • Sep 01First half 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.10 in 1H 2021)First half 2022 results: EPS: CN¥0.067 (down from CN¥0.10 in 1H 2021). Revenue: CN¥1.02b (down 20% from 1H 2021). Net income: CN¥89.6m (down 25% from 1H 2021). Profit margin: 8.8% (down from 9.4% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 31%, compared to a 7.7% growth forecast for the Household Products industry in Germany.Upcoming Dividend • Jun 01Upcoming dividend of HK$0.068 per shareEligible shareholders must have bought the stock before 08 June 2022. Payment date: 24 June 2022. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (2.9%).Recent Insider Transactions • Apr 30Chairman of the Board & CEO recently bought €145k worth of stockOn the 25th of April, Danxia Chen bought around 500k shares on-market at roughly €0.29 per share. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €1.8m worth in shares.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Board & CEO Danxia Chen is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Evan Guo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 29Full year 2021 earnings released: EPS: CN¥0.073 (vs CN¥0.23 in FY 2020)Full year 2021 results: EPS: CN¥0.073 (down from CN¥0.23 in FY 2020). Revenue: CN¥1.77b (up 3.9% from FY 2020). Net income: CN¥92.1m (down 59% from FY 2020). Profit margin: 5.2% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 15%, compared to a 2.7% growth forecast for the industry in Germany.Recent Insider Transactions • Jan 05Chairman of the Board & CEO recently bought €85k worth of stockOn the 30th of December, Danxia Chen bought around 250k shares on-market at roughly €0.34 per share. In the last 3 months, they made an even bigger purchase worth €96k. Danxia has been a buyer over the last 12 months, purchasing a net total of €1.6m worth in shares.Recent Insider Transactions • Jul 28Chairman of the Board & CEO recently bought €953k worth of stockOn the 22nd of July, Danxia Chen bought around 1m shares on-market at roughly €0.74 per share. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €1.3m worth in shares.Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.19 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.70b (up 23% from FY 2019). Net income: CN¥223.8m (up 21% from FY 2019). Profit margin: 13% (in line with FY 2019).이익 및 매출 성장 예측DB:1RQ - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,947316280369212/31/20272,632278243296312/31/20262,357249238294312/31/20251,988224261268N/A9/30/20251,949211189200N/A6/30/20251,910197118133N/A3/31/20251,8652005671N/A12/31/20241,820203-59N/A9/30/20241,776211110125N/A6/30/20241,732218226241N/A3/31/20241,674196269284N/A12/31/20231,616175312327N/A9/30/20231,586144234249N/A6/30/20231,556113156170N/A3/31/20231,50190108121N/A12/31/20221,447666072N/A9/30/20221,48464-813N/A6/30/20221,52062-76-46N/A3/31/20221,64577-159-119N/A12/31/20211,76992-241-192N/A9/30/20211,761125111156N/A6/30/20211,762161112152N/A3/31/20211,732192232267N/A12/31/20201,702224352383N/A9/30/20201,595216339376N/A12/31/20191,383185443473N/A12/31/20181,350177N/A-114N/A12/31/20171,346170N/A575N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1RQ 의 연간 예상 수익 증가율(11.3%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 1RQ 의 연간 수익(11.3%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 1RQ 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1RQ 의 수익(연간 12.7%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 1RQ 의 수익(연간 12.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1RQ의 자본 수익률은 3년 후 9.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YHousehold 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 09:24종가2026/05/22 00:00수익2025/12/31연간 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 소스Cheerwin Group Limited는 4명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Zhuonan XuChina International Capital Corporation LimitedYa JiangCitic Securities Co., Ltd.Dustin WeiMorgan Stanley1명의 분석가 더 보기
Board Change • May 20Less than half of directors are independentFollowing 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. 5 non-independent directors. Independent Non-Executive Director Rong Yu 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.
Declared Dividend • May 20Final dividend of HK$0.093 announcedShareholders will receive a dividend of HK$0.093. Ex-date: 24th June 2026 Payment date: 8th July 2026 Dividend yield will be 41%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 25% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 26Cheerwin Group Limited, Annual General Meeting, Jun 17, 2026Cheerwin Group Limited, Annual General Meeting, Jun 17, 2026.
공시 • Mar 13Cheerwin Group Limited to Report Fiscal Year 2025 Results on Mar 25, 2026Cheerwin Group Limited announced that they will report fiscal year 2025 results on Mar 25, 2026
공시 • Aug 18Cheerwin Group Limited to Report First Half, 2025 Results on Aug 28, 2025Cheerwin Group Limited announced that they will report first half, 2025 results on Aug 28, 2025
공시 • Jun 19Cheerwin Group Limited Declares Final Dividend for the Year Ended 31 December 2024Cheerwin Group Limited at its AGM Held on June 19, 2025 approved to declare a final dividend of RMB 0.0682 per share (equivalent to HKD 0.0739 per share) of the Company for the year ended 31 December 2024.
공시 • Mar 25Cheerwin Group Limited, Annual General Meeting, Jun 19, 2025Cheerwin Group Limited, Annual General Meeting, Jun 19, 2025.
공시 • Mar 13Cheerwin Group Limited to Report Fiscal Year 2024 Results on Mar 25, 2025Cheerwin Group Limited announced that they will report fiscal year 2024 results on Mar 25, 2025
Recent Insider Transactions • Oct 17Chairman of the Board & CEO recently bought €68k worth of stockOn the 9th of October, Danxia Chen bought around 300k shares on-market at roughly €0.23 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €161k worth in shares.
Reported Earnings • Sep 29First half 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.10 in 1H 2023)First half 2024 results: EPS: CN¥0.14 (up from CN¥0.10 in 1H 2023). Revenue: CN¥1.25b (up 10% from 1H 2023). Net income: CN¥179.5m (up 32% from 1H 2023). Profit margin: 14% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 28First half 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.10 in 1H 2023)First half 2024 results: EPS: CN¥0.14 (up from CN¥0.10 in 1H 2023). Revenue: CN¥1.25b (up 10% from 1H 2023). Net income: CN¥179.5m (up 32% from 1H 2023). Profit margin: 14% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
New Risk • Aug 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • Aug 26Cheerwin Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 10 October 2024Cheerwin Group Limited announced interim dividend of RMB 0.0538 per share for the six months ended June 30, 2024. The dividend is payable on 10 October 2024 with Ex-dividend date of 11 September 2024 and Record date of 17 September 2024.
공시 • Aug 14Cheerwin Group Limited to Report First Half, 2024 Results on Aug 26, 2024Cheerwin Group Limited announced that they will report first half, 2024 results on Aug 26, 2024
공시 • Jul 16Cheerwin Group Limited Announces Board ChangesCheerwin Group Limited announced that Mr. Xie Rusong (Mr. Xie) has tendered his resignation as an executive director with effect from 16 July 2024 due to the company's internal work deployment and he is appointed as the company's consultant on operation and management, such that more of his attention would be dedicated to his new role. The board announced that Ms. Wang Dong (Ms. Wang) and Mr. Lv Yongji (Mr. Lv) have both been appointed as executive Directors with effect from 16 July 2024 (the Appointments). Ms. Wang Dong, aged 45, is the chief operating officer, the general manager of the brand management center, general manager of the technology research and development center, and joint company secretary of the Company. She is primarily responsible for overseeing the overall business operation and brand management of the Group, and in charge of brand management center, e-commerce operation center, technology research and development center, and Guangdong Zhongkeyan Cosmetic Technology Research Company Limited, etc. She also serves as the general manager of brand management center in Guangzhou Cheerwin Biotechnology Company Limited. Ms. Wang has over 21 years of experience in consumer goods industry. From December 2016 to March 2019, Ms. Wang was the general manager in Guangzhou Megahive Media Company Limited. From June 2002 to November 2016, Ms. Wang served in Guangzhou Liby Group Company Limited with her last position being the deputy general manager of brand management center and director of media communication division. Ms. Wang assumed responsibility for brand management of the Cheerwin Business Division in July 2012. She was officially transferred to the Group in April 2019. Ms. Wang obtained her dual bachelor's degrees in packaging engineering and business administration from Wuhan Polytechnic University, the PRC, in June 2002. In 2016, Ms. Wang was recognized as the Guangzhou Municipal March 8th Red-Banner Pacesetter by Guangzhou Women's Federation. Mr. Lv Yongji, aged 37, is the vice president of marketing of the Company. He suggests and participates in the discussions about the Group's operation and management decisions on major issues, and is in charge of the marketing management of the sales center, marketing force planning department, and commercial and overseas business department of the Group. Mr. Lv has over 16 years of experience in consumer goods industry. Mr. Lv worked in Guangzhou Liby Group Company Limited from July 2008 to December 2023 with his last position being the vice president of the sales head office and the director of the live sales business. He was formally transferred to the Group in December 2023. Mr. Lv received his bachelor degree in polymer materials science and engineering from Nanchang University, the PRC, in June 2008.
공시 • Jun 19Cheerwin Group Limited Approves Final Dividend for the Year Ended 31 December 2023Cheerwin Group Limited at its AGM held on June 19, 2024 approved final dividend of RMB 0.0640 per share (equivalent to HKD 0.0705 per share) of the Company for the year ended 31 December 2023.
Upcoming Dividend • Jun 17Upcoming dividend of HK$0.07 per shareEligible shareholders must have bought the stock before 24 June 2024. Payment date: 08 July 2024. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%).
공시 • May 01Cheerwin Group Limited, Annual General Meeting, Jun 19, 2024Cheerwin Group Limited, Annual General Meeting, Jun 19, 2024. Agenda: To consider final dividend.
Reported Earnings • Mar 26Full year 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.049 in FY 2022)Full year 2023 results: EPS: CN¥0.13 (up from CN¥0.049 in FY 2022). Revenue: CN¥1.62b (up 12% from FY 2022). Net income: CN¥175.0m (up 170% from FY 2022). Profit margin: 11% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
공시 • Mar 14Cheerwin Group Limited to Report Fiscal Year 2023 Results on Mar 25, 2024Cheerwin Group Limited announced that they will report fiscal year 2023 results on Mar 25, 2024
Upcoming Dividend • Sep 06Upcoming dividend of HK$0.045 per share at 3.0% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 12 October 2023. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%).
Reported Earnings • Aug 30First half 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.067 in 1H 2022)First half 2023 results: EPS: CN¥0.10 (up from CN¥0.067 in 1H 2022). Revenue: CN¥1.13b (up 11% from 1H 2022). Net income: CN¥136.5m (up 52% from 1H 2022). Profit margin: 12% (up from 8.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Household Products industry in Europe.
공시 • Aug 12Cheerwin Group Limited to Report First Half, 2023 Results on Aug 28, 2023Cheerwin Group Limited announced that they will report first half, 2023 results on Aug 28, 2023
공시 • Jun 20Cheerwin Group Limited Approves Final Dividend for the Year Ended 31 December 2022Cheerwin Group Limited announced that at its Annual General Meeting held on 19 June 2023, declare a final dividend of RMB 0.0220 per share (equivalent to HKD 0.0251 per share) of the Company for the year ended 31 December 2022.
Upcoming Dividend • Jun 14Upcoming dividend of HK$0.025 per share at 2.8% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 07 July 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%).
Reported Earnings • Mar 25Full year 2022 earnings released: EPS: CN¥0.049 (vs CN¥0.072 in FY 2021)Full year 2022 results: EPS: CN¥0.049 (down from CN¥0.072 in FY 2021). Revenue: CN¥1.44b (down 19% from FY 2021). Net income: CN¥64.7m (down 30% from FY 2021). Profit margin: 4.5% (down from 5.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Household Products industry in Europe.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Board & CEO Danxia Chen is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Rong Yu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Recent Insider Transactions • Oct 23VP & Executive Director recently bought €63k worth of stockOn the 19th of October, Rusong Xie bought around 311k shares on-market at roughly €0.20 per share. This transaction increased Rusong's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €126k. Insiders have collectively bought €776k more in shares than they have sold in the last 12 months.
Upcoming Dividend • Sep 07Upcoming dividend of HK$0.019 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 12 October 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%).
Recent Insider Transactions • Sep 06Chairman of the Board & CEO recently bought €126k worth of stockOn the 2nd of September, Danxia Chen bought around 500k shares on-market at roughly €0.25 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €679k worth in shares.
Reported Earnings • Sep 01First half 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.10 in 1H 2021)First half 2022 results: EPS: CN¥0.067 (down from CN¥0.10 in 1H 2021). Revenue: CN¥1.02b (down 20% from 1H 2021). Net income: CN¥89.6m (down 25% from 1H 2021). Profit margin: 8.8% (down from 9.4% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 31%, compared to a 7.7% growth forecast for the Household Products industry in Germany.
Upcoming Dividend • Jun 01Upcoming dividend of HK$0.068 per shareEligible shareholders must have bought the stock before 08 June 2022. Payment date: 24 June 2022. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (2.9%).
Recent Insider Transactions • Apr 30Chairman of the Board & CEO recently bought €145k worth of stockOn the 25th of April, Danxia Chen bought around 500k shares on-market at roughly €0.29 per share. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €1.8m worth in shares.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Board & CEO Danxia Chen is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Evan Guo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 29Full year 2021 earnings released: EPS: CN¥0.073 (vs CN¥0.23 in FY 2020)Full year 2021 results: EPS: CN¥0.073 (down from CN¥0.23 in FY 2020). Revenue: CN¥1.77b (up 3.9% from FY 2020). Net income: CN¥92.1m (down 59% from FY 2020). Profit margin: 5.2% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 15%, compared to a 2.7% growth forecast for the industry in Germany.
Recent Insider Transactions • Jan 05Chairman of the Board & CEO recently bought €85k worth of stockOn the 30th of December, Danxia Chen bought around 250k shares on-market at roughly €0.34 per share. In the last 3 months, they made an even bigger purchase worth €96k. Danxia has been a buyer over the last 12 months, purchasing a net total of €1.6m worth in shares.
Recent Insider Transactions • Jul 28Chairman of the Board & CEO recently bought €953k worth of stockOn the 22nd of July, Danxia Chen bought around 1m shares on-market at roughly €0.74 per share. This was the largest purchase by an insider in the last 3 months. Danxia has been a buyer over the last 12 months, purchasing a net total of €1.3m worth in shares.
Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.19 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.70b (up 23% from FY 2019). Net income: CN¥223.8m (up 21% from FY 2019). Profit margin: 13% (in line with FY 2019).