Buy Or Sell Opportunity • Jul 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €0.53. The fair value is estimated to be €0.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 6.6%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are also forecast to grow by 3.4% per annum over the same time period. Declared Dividend • May 21
Dividend of HK$0.22 announced Shareholders will receive a dividend of HK$0.22. Ex-date: 25th June 2026 Payment date: 21st August 2026 Dividend yield will be 37%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (19% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Mar 16
Maoyan Entertainment to Report Fiscal Year 2025 Results on Mar 27, 2026 Maoyan Entertainment announced that they will report fiscal year 2025 results on Mar 27, 2026 공고 • Aug 15
Maoyan Entertainment to Report First Half, 2025 Results on Aug 25, 2025 Maoyan Entertainment announced that they will report first half, 2025 results on Aug 25, 2025 공고 • Jun 26
Maoyan Entertainment Approves Final Dividend for Year Ended 31 December 2024 Maoyan Entertainment at its AGM held on June 25, 2025 approved to declare a final dividend of HKD 0.32 per share of the Company, with a scrip dividend option, for the year ended 31 December 2024. 공고 • Mar 17
Maoyan Entertainment to Report Fiscal Year 2024 Results on Mar 27, 2025 Maoyan Entertainment announced that they will report fiscal year 2024 results on Mar 27, 2025 New Risk • Sep 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.35 in 1H 2023) First half 2024 results: EPS: CN¥0.25 (down from CN¥0.35 in 1H 2023). Revenue: CN¥2.17b (down 1.2% from 1H 2023). Net income: CN¥284.8m (down 30% from 1H 2023). Profit margin: 13% (down from 19% in 1H 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 공고 • Aug 15
Maoyan Entertainment to Report First Half, 2024 Results on Aug 26, 2024 Maoyan Entertainment announced that they will report first half, 2024 results on Aug 26, 2024 Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.80 (vs CN¥0.092 in FY 2022) Full year 2023 results: EPS: CN¥0.80 (up from CN¥0.092 in FY 2022). Revenue: CN¥4.76b (up 105% from FY 2022). Net income: CN¥910.4m (up CN¥805.2m from FY 2022). Profit margin: 19% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.80 (vs CN¥0.092 in FY 2022) Full year 2023 results: EPS: CN¥0.80 (up from CN¥0.092 in FY 2022). Revenue: CN¥4.76b (up 105% from FY 2022). Net income: CN¥910.4m (up CN¥805.2m from FY 2022). Profit margin: 19% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 공고 • Mar 22
Maoyan Entertainment, Annual General Meeting, Jun 26, 2024 Maoyan Entertainment, Annual General Meeting, Jun 26, 2024. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.22, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Entertainment industry in Europe. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.24 per share. 공고 • Mar 12
Maoyan Entertainment to Report Fiscal Year 2023 Results on Mar 21, 2024 Maoyan Entertainment announced that they will report fiscal year 2023 results on Mar 21, 2024 Buy Or Sell Opportunity • Feb 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to €1.00. The fair value is estimated to be €1.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 180% in the next 2 years. New Risk • Feb 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% 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. This is currently the only risk that has been identified for the company. Buying Opportunity • Dec 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €1.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 73% in 2 years. Earnings is forecast to grow by 176% in the next 2 years. Buying Opportunity • Oct 10
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be €1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 155% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.37, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Entertainment industry in Europe. Total loss to shareholders of 1.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.19 per share. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Entertainment industry in Europe. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.35 per share. Reported Earnings • Aug 20
First half 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.13 in 1H 2022) First half 2023 results: EPS: CN¥0.35 (up from CN¥0.13 in 1H 2022). Revenue: CN¥2.20b (up 84% from 1H 2022). Net income: CN¥406.6m (up 168% from 1H 2022). Profit margin: 19% (up from 13% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. 공고 • Aug 09
Maoyan Entertainment to Report First Half, 2023 Results on Aug 17, 2023 Maoyan Entertainment announced that they will report first half, 2023 results on Aug 17, 2023 Buying Opportunity • Mar 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €1.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 25% per annum. Earnings is also forecast to grow by 52% per annum over the same time period. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.32 in FY 2021) Full year 2022 results: EPS: CN¥0.092 (down from CN¥0.32 in FY 2021). Revenue: CN¥2.32b (down 30% from FY 2021). Net income: CN¥105.2m (down 72% from FY 2021). Profit margin: 4.5% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.07, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Entertainment industry in Europe. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.12 per share. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 19% share price gain to €1.08, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Online Retail industry in Europe. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.49 per share. 공고 • Nov 17
Maoyan Entertainment Announces Change of Non-Executive Director The board of Maoyan Entertainment hereby announces that, on November 16, 2022, Mr. Cheng Wu has tendered his resignation as a non-executive Director with effect from November 16, 2022 due to personal work arrangement. The Board announced that, on November 16, 2022, Mr. Sun Zhonghuai has been appointed as a non-executive Director with effect from November 16, 2022. Mr. Sun, aged 49, has 19 years of experience in media industry and management. He joined Tencent Holdings Limited in July 2003 and currently serves as Vice President of Tencent and CEO of Tencent Video. Mr. Sun was appointed as a director of Linmon Media Limited on August 31, 2021, and re-designated as its non-executive director on September 24, 2021. Mr. Sun obtained an Executive Master of Business Administration degree from Renmin University of China in June 2009. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Hong Yin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • Oct 14
Maoyan Entertainment Announces Resignation of Mr. Gu Sibin as President Maoyan Entertainment announces that, on September 30, 2022, Mr. Gu Sibin ("Mr. Gu") tendered his resignation as the president of the Company witheffect from the even date to pursue his other personal goals which require more of his time and dedication. Reported Earnings • Aug 19
First half 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.34 in 1H 2021) First half 2022 results: EPS: CN¥0.13 (down from CN¥0.34 in 1H 2021). Revenue: CN¥1.19b (down 34% from 1H 2021). Net income: CN¥151.9m (down 61% from 1H 2021). Profit margin: 13% (down from 22% in 1H 2021). Over the next year, revenue is forecast to grow 30%, compared to a 36% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. 공고 • Aug 04
Maoyan Entertainment Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 The board of directors of the Maoyan Entertainment announced that, based on the information currently available to the Company and its preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2022 the revenue of the Group for first half 2022 is expected to range between approximately RMB 1,150 million and RMB 1,250 million, as compared to the revenue of the Group for the six months ended June 30, 2021 of RMB 1,799.8 million; and the profit attributable to the owners of the Company for first half 2022 is expected to range between approximately RMB 130 million and RMB 180 million, as compared to the profit attributable to the owners of the Company for first half 2021 of approximately 387.1 million. The aforesaid decline in revenue and profit was mainly due to the impact of the resurgence of Covid-19 during first half 2022, during which the operating rate of cinemas in the PRC decreased compared with that during first half 2021, in particular, the operating rate of cinemas nationwide was once below 50% (according to the data from Maoyan Pro from March to May 2022, and the release schedule of a number of films has been adjusted and postponed. The operating activities and the performance of each business segment of the Group were therefore adversely affected. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.32 (vs CN¥0.57 loss in FY 2020) Full year 2021 results: EPS: CN¥0.32 (up from CN¥0.57 loss in FY 2020). Revenue: CN¥3.32b (up 143% from FY 2020). Net income: CN¥368.5m (up CN¥1.01b from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 6.4%, compared to a 40% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Hong Yin was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • Feb 27
Maoyan Entertainment Provides Consolidated Earnings Guidance for the Year Ended December 31, 2021 Maoyan Entertainment provided consolidated earnings guidance for the year ended December 31, 2021. The revenue of the Group for fiscal year 2021 is expected to range between approximately RMB 3,300 million and RMB 3,400 million, which represents an increase of approximately 141.6% to 149.0% as compared to the revenue of the Group for the year ended December 31, 2020 ("FY2020") of RMB 1,365.7 million; the net profit attributable to the owners of the company to be recorded by the group for fiscal year 2021 is expected to range between approximately RMB 350 million and RMB 400 million, while the Group recorded a net loss attributable to the owners of the company of approximately RMB 646.3 million for fiscal year 2020. Reported Earnings • Sep 25
First half 2021 earnings released: EPS CN¥0.34 (vs CN¥0.38 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥1.80b (up CN¥1.60b from 1H 2020). Net income: CN¥387.1m (up CN¥817.7m from 1H 2020). Profit margin: 22% (up from net loss in 1H 2020). Reported Earnings • Aug 21
First half 2021 earnings released: EPS CN¥0.34 (vs CN¥0.38 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥1.80b (up CN¥1.60b from 1H 2020). Net income: CN¥387.1m (up CN¥817.7m from 1H 2020). Profit margin: 22% (up from net loss in 1H 2020). 공고 • Aug 04
Maoyan Entertainment Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2021 Maoyan Entertainment provided consolidated earnings guidance for the six months ended June 30, 2021. The revenue of the Group for first half 2021 is expected to range between approximately RMB 1,750.0 million and RMB 1,850.0 million, which represents an increase of approximately 761.6% to 810.9% as compared to the revenue of the Group for the six months ended June 30, 2020 of RMB 203.1 million; and the Group expects to record a profit attributable to the owners of the Company for first half 2021 ranging between approximately RMB 350.0 million and RMB 400.0 million, which represents a turnaround from the net loss attributable to the owners of the Company of approximately RMB 430.7 million recorded for first half 2020. Reported Earnings • May 01
Full year 2020 earnings released: CN¥0.57 loss per share (vs CN¥0.42 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.37b (down 68% from FY 2019). Net loss: CN¥646.3m (down 239% from profit in FY 2019). Reported Earnings • Apr 01
Full year 2020 earnings released: CN¥0.57 loss per share (vs CN¥0.42 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.37b (down 68% from FY 2019). Net loss: CN¥646.3m (down 239% from profit in FY 2019). 공고 • Mar 19
Maoyan Entertainment to Report Fiscal Year 2020 Results on Mar 30, 2021 Maoyan Entertainment announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Feb 04
New 90-day high: €1.57 The company is up 28% from its price of €1.23 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.56 per share. Is New 90 Day High Low • Jan 13
New 90-day high: €1.42 The company is up 13% from its price of €1.26 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.50 per share. Is New 90 Day High Low • Dec 23
New 90-day low: €1.15 The company is down 17% from its price of €1.38 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.45 per share. 공고 • Dec 18
Maoyan Entertainment Enters into Licensing Cooperation Framework Agreement with Tencent Music Entertainment Group On December 16, 2020, the Board resolved to enter into the Music Copyright Licensing Cooperation Framework Agreement with Tencent Music Entertainment Group (for itself and on behalf of members of TME Group), pursuant to which the Maoyan Entertainment agreed to license its Musical Works to TME Group and TME Group agreed to pay license fees to the Group. The Group will license its musical compositions, audio recordings, video recordings and movie-like works (well created music videos), including single music and original sound tapes (i.e. theme songs, ending songs, episodes, promotion songs and soundtracks, and the music videos of video and audio works including movies, TV series, online series and online movies, collectively the "OST") (collectively the "Musical Works"), of which the Group has copyrights and related rights, to TME Group, and TME Group shall pay license fees to the Group. Members of TME Group, or its authorized third party, are licensed to promote, use, sub-license and have right to defend the above-mentioned Musical Works. Separate underlying agreements will be entered into which will set out the precise scope of licensed products, term of license, license fees, payment method and other details of the license arrangement in the manner provided in the Music Copyright Licensing Cooperation Framework Agreement. Term is December 16, 2020 to December 31, 2022. 공고 • Oct 29
Maoyan Entertainment Announces Executive Changes The board of directors of Maoyan Entertainment announced that Mr. Ma Dong has tendered his resignation as an independent non-executive Director with effect from October 28, 2020 due to personal work arrangement. The Board announced that Dr. Yin Hong has been appointed as an independent non-executive Director with effect from October 28, 2020. Dr. Yin has been serving as a professor of Tsinghua University since 1999. Dr. Yin served as a teaching assistant of Sichuan University from December 1984 to August 1986, and served in Beijing Normal University from September 1989 to August 1999 with his last position as a professor. Dr. Yin is a well-known film theorist, critic, and planner in China. He has served as a consultant, producer, and art director for a number of film and television works, and concurrently assumes many important positions within several national associations and societies including the vice chairman of the China Literature and Art Critics Association and the vice chairman of the China Film Association. Is New 90 Day High Low • Oct 14
New 90-day low: €1.34 The company is down 10.0% from its price of €1.49 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.87 per share. Reported Earnings • Sep 21
First half earnings released Over the last 12 months the company has reported total losses of CN¥229.2m, with earnings decreasing by CN¥584.7m from the prior year. Total revenue was CN¥2.49b over the last 12 months, down 35% from the prior year. 공고 • Aug 06
Maoyan Entertainment to Report First Half, 2020 Results on Aug 17, 2020 Maoyan Entertainment announced that they will report first half, 2020 results on Aug 17, 2020 
