Buy Or Sell Opportunity • Jul 02
Now 20% overvalued Over the last 90 days, the stock has fallen 12% to CN¥11.99. The fair value is estimated to be CN¥9.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 24%. Aankondiging • Jun 30
Aimer Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Aimer Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • Jun 01
Dividend reduced to CN¥0.37 Dividend of CN¥0.37 is 7.5% lower than last year. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 2.7% to bring the payout ratio under control. However, EPS has declined by 22% over the last 5 years so the company would need to reverse this trend. Aankondiging • Apr 25
Aimer Co., Ltd., Annual General Meeting, May 20, 2026 Aimer Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.23 (vs CN¥0.21 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.23 (up from CN¥0.21 in 1Q 2025). Revenue: CN¥849.4m (flat on 1Q 2025). Net income: CN¥93.8m (up 9.6% from 1Q 2025). Profit margin: 11% (up from 10.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% 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. Aankondiging • Mar 30
Aimer Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Aimer Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Aankondiging • Dec 26
Aimer Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Aimer Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Board Change • Dec 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Fanlin Wang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.012 loss per share (vs CN¥0.032 loss in 3Q 2024) Third quarter 2025 results: CN¥0.012 loss per share (improved from CN¥0.032 loss in 3Q 2024). Revenue: CN¥636.0m (flat on 3Q 2024). Net loss: CN¥4.96m (loss narrowed 63% from 3Q 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 2% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
Aimer Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Aimer Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (141% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.7% net profit margin). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.17, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 36x in the Luxury industry in China. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.71, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 31x in the Luxury industry in China. Total returns to shareholders of 29% over the past three years. Aankondiging • Jun 30
Aimer Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Aimer Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.27 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.21 (down from CN¥0.27 in 1Q 2024). Revenue: CN¥854.2m (down 2.9% from 1Q 2024). Net income: CN¥85.6m (down 20% from 1Q 2024). Profit margin: 10.0% (down from 12% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 25
Aimer Co., Ltd., Annual General Meeting, May 20, 2025 Aimer Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.43, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 26x in the Luxury industry in China. Total loss to shareholders of 5.8% over the past three years. Aankondiging • Mar 28
Aimer Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Aimer Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Jan 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Cash payout ratio: 111% Earnings have declined by 16% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥15.14, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 23x in the Luxury industry in China. Total loss to shareholders of 31% over the past three years. Aankondiging • Dec 27
Aimer Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Aimer Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥15.03, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 23x in the Luxury industry in China. Total loss to shareholders of 28% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.032 loss per share (vs CN¥0.091 profit in 3Q 2023) Third quarter 2024 results: CN¥0.032 loss per share (down from CN¥0.091 profit in 3Q 2023). Revenue: CN¥634.9m (down 13% from 3Q 2023). Net loss: CN¥13.3m (down 137% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 19% per year. Aankondiging • Sep 30
Aimer Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Aimer Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥12.37, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 21x in the Luxury industry in China. Total loss to shareholders of 46% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2023). Revenue: CN¥766.7m (down 7.1% from 2Q 2023). Net income: CN¥47.3m (down 27% from 2Q 2023). Profit margin: 6.2% (down from 7.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 27% per year. Buy Or Sell Opportunity • Jul 31
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to CN¥11.04. The fair value is estimated to be CN¥9.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. Aankondiging • Jun 28
Aimer Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Aimer Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Aankondiging • Apr 29
Aimer Co., Ltd., Annual General Meeting, May 31, 2024 Aimer Co., Ltd., Annual General Meeting, May 31, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.32 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.27 (down from CN¥0.32 in 1Q 2023). Revenue: CN¥879.3m (down 4.7% from 1Q 2023). Net income: CN¥107.3m (down 16% from 1Q 2023). Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Aankondiging • Mar 30
Aimer Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Aimer Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Ketong Shi 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. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.49, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 24x in the Luxury industry in China. Total loss to shareholders of 19% over the past year. Aankondiging • Dec 29
Aimer Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Aimer Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.091 (vs CN¥0.053 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.091 (up from CN¥0.053 in 3Q 2022). Revenue: CN¥732.2m (down 2.6% from 3Q 2022). Net income: CN¥36.4m (up 66% from 3Q 2022). Profit margin: 5.0% (up from 2.9% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.052 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (up from CN¥0.052 in 2Q 2022). Revenue: CN¥825.6m (up 7.8% from 2Q 2022). Net income: CN¥64.7m (up 212% from 2Q 2022). Profit margin: 7.8% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Aankondiging • Jun 28
Aimer Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Aimer Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 New Risk • Jun 08
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 149% Dividend yield: 4.5% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (149% payout ratio). Profit margins are more than 30% lower than last year (6.2% net profit margin). Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.33 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.32 (down from CN¥0.33 in 1Q 2022). Revenue: CN¥922.6m (down 1.3% from 1Q 2022). Net income: CN¥127.4m (down 2.1% from 1Q 2022). Profit margin: 14% (in line with 1Q 2022). Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Ketong Shi was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.053 (vs CN¥0.009 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.053 (up from CN¥0.009 in 3Q 2021). Revenue: CN¥751.7m (up 2.5% from 3Q 2021). Net income: CN¥22.0m (up 495% from 3Q 2021). Profit margin: 2.9% (up from 0.5% in 3Q 2021). Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.34 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.052 (down from CN¥0.34 in 2Q 2021). Revenue: CN¥765.9m (down 8.5% from 2Q 2021). Net income: CN¥20.8m (down 84% from 2Q 2021). Profit margin: 2.7% (down from 15% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.36 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.33. Revenue: CN¥935.1m (up 4.4% from 1Q 2021). Net income: CN¥130.1m (up 1.0% from 1Q 2021). Profit margin: 14% (in line with 1Q 2021). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥20.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Luxury industry in China.