Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.73, the stock trades at a trailing P/E ratio of 66x. Average trailing P/E is 24x in the Leisure industry in China. Total loss to shareholders of 15% over the past three years. Aankondiging • Jun 30
Alpha Group to Report First Half, 2026 Results on Aug 25, 2026 Alpha Group announced that they will report first half, 2026 results on Aug 25, 2026 Aankondiging • Jun 25
Alpha Group (SZSE:002292) announces an Equity Buyback for CNY 130 million worth of its shares. Alpha Group (SZSE:002292) announces a share repurchase program. Under the program, the company will repurchase up to CNY 130 million worth of its A shares. The repurchase price shall not exceed CNY 11 per share. The repurchased shares are intended for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled The company will use its own funds and/or self-raised funds to repurchase its own shares. The repurchase period will be within 12 months from the board approval date. Board Change • Jun 17
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 Xiao Wang was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.04 (vs CN¥0.033 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.04 (up from CN¥0.033 in 1Q 2025). Revenue: CN¥654.0m (flat on 1Q 2025). Net income: CN¥54.7m (up 11% from 1Q 2025). Profit margin: 8.4% (up from 7.5% in 1Q 2025). 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 4% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 28
Alpha Group, Annual General Meeting, May 27, 2026 Alpha Group, Annual General Meeting, May 27, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Aankondiging • Mar 31
Alpha Group to Report Q1, 2026 Results on Apr 28, 2026 Alpha Group announced that they will report Q1, 2026 results on Apr 28, 2026 Aankondiging • Dec 31
Alpha Group to Report Fiscal Year 2025 Results on Apr 28, 2026 Alpha Group announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.009 (vs CN¥0.011 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.009 (down from CN¥0.011 in 3Q 2024). Revenue: CN¥688.6m (down 2.4% from 3Q 2024). Net income: CN¥13.5m (down 17% from 3Q 2024). Profit margin: 2.0% (down from 2.3% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
Alpha Group to Report Q3, 2025 Results on Oct 28, 2025 Alpha Group announced that they will report Q3, 2025 results on Oct 28, 2025 Aankondiging • Sep 06
Alpha Group Approves Board Election Alpha Group in 1st Extraordinary General Meeting of 2025 on 05 September 2025 approved Chen Huangman, Wang Xiao and Zheng Guojian as independent director. Reported Earnings • Aug 31
Second quarter 2025 earnings released: CN¥0.008 loss per share (vs CN¥0.003 profit in 2Q 2024) Second quarter 2025 results: CN¥0.008 loss per share (down from CN¥0.003 profit in 2Q 2024). Revenue: CN¥540.8m (down 17% from 2Q 2024). Net loss: CN¥12.1m (down 368% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Aankondiging • Jul 02
Alpha Group to Report First Half, 2025 Results on Aug 26, 2025 Alpha Group announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • May 03
Full year 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.06 profit in FY 2023) Full year 2024 results: CN¥0.19 loss per share (down from CN¥0.06 profit in FY 2023). Revenue: CN¥2.72b (flat on FY 2023). Net loss: CN¥285.3m (down 405% from profit in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 29
Alpha Group, Annual General Meeting, May 27, 2025 Alpha Group, Annual General Meeting, May 27, 2025, at 14:30 China Standard Time. Aankondiging • Mar 31
Alpha Group to Report Q1, 2025 Results on Apr 29, 2025 Alpha Group announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Feb 18
Alpha Group (SZSE:002292) announces an Equity Buyback for CNY 130 million worth of its shares. Alpha Group (SZSE:002292) announces a share repurchase program. Under the program, the company will repurchase up to CNY 130 million worth of its shares. The repurchase price shall not exceed CNY 14 per share. The repurchased shares are intended for equity incentives and/or employee stock ownership plans. The company will use its own funds and/or self-raised funds to repurchase its own shares. The repurchase period will be within 12 months from the approval date. Aankondiging • Dec 31
Alpha Group to Report Fiscal Year 2024 Results on Apr 29, 2025 Alpha Group announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Dec 17
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 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.014 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.011 (down from CN¥0.014 in 3Q 2023). Revenue: CN¥705.7m (down 1.9% from 3Q 2023). Net income: CN¥16.2m (down 23% from 3Q 2023). Profit margin: 2.3% (down from 2.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 30
Alpha Group to Report Q3, 2024 Results on Oct 31, 2024 Alpha Group announced that they will report Q3, 2024 results on Oct 31, 2024 Buy Or Sell Opportunity • Sep 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CN¥5.31. The fair value is estimated to be CN¥6.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.03 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.03 in 2Q 2023). Revenue: CN¥654.6m (down 6.2% from 2Q 2023). Net income: CN¥4.51m (down 90% from 2Q 2023). Profit margin: 0.7% (down from 6.3% in 2Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 29
Alpha Group to Report First Half, 2024 Results on Aug 20, 2024 Alpha Group announced that they will report first half, 2024 results on Aug 20, 2024 Aankondiging • May 01
Alpha Group, Annual General Meeting, May 28, 2024 Alpha Group, Annual General Meeting, May 28, 2024, at 14:30 China Standard Time. Location: 37F, No. 62, Jinsui Road, Zhujiang New City, Tianhe District, Guangzhou, Guangdong China Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.12 loss in FY 2022) Full year 2023 results: EPS: CN¥0.06 (up from CN¥0.12 loss in FY 2022). Revenue: CN¥2.74b (up 3.1% from FY 2022). Net income: CN¥93.6m (up CN¥265.2m from FY 2022). Profit margin: 3.4% (up from net loss in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 30
Alpha Group to Report Q1, 2024 Results on Apr 30, 2024 Alpha Group announced that they will report Q1, 2024 results on Apr 30, 2024 Aankondiging • Dec 29
Alpha Group to Report Fiscal Year 2023 Results on Apr 30, 2024 Alpha Group announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.01 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.014 (up from CN¥0.01 in 3Q 2022). Revenue: CN¥719.5m (up 4.9% from 3Q 2022). Net income: CN¥21.0m (up 44% from 3Q 2022). Profit margin: 2.9% (up from 2.1% in 3Q 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 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 30
Alpha Group to Report Q3, 2023 Results on Oct 31, 2023 Alpha Group announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.003 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.03 (up from CN¥0.003 in 2Q 2022). Revenue: CN¥697.9m (up 5.2% from 2Q 2022). Net income: CN¥43.8m (up CN¥39.9m from 2Q 2022). Profit margin: 6.3% (up from 0.6% in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Aankondiging • May 06
Alpha Group, Annual General Meeting, May 25, 2023 Alpha Group, Annual General Meeting, May 25, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Unrecovered losses account for one-third of the paid-in capital; and to consider Reappointment of audit firm. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.021 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.011 (up from CN¥0.021 loss in 1Q 2022). Revenue: CN¥602.3m (down 9.8% from 1Q 2022). Net income: CN¥16.7m (up CN¥47.3m from 1Q 2022). Profit margin: 2.8% (up from net loss in 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target decreased to CN¥2.60 Down from CN¥2.80, the current price target is provided by 1 analyst. New target price is 47% below last closing price of CN¥4.95. Stock is down 19% over the past year. The company posted a net loss per share of CN¥0.30 last year. Board Change • Nov 16
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. 7 experienced directors. 3 highly experienced directors. Independent Director Yong Yang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.073 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.01 (up from CN¥0.073 loss in 3Q 2021). Revenue: CN¥685.8m (flat on 3Q 2021). Net income: CN¥14.6m (up CN¥113.1m from 3Q 2021). Profit margin: 2.1% (up from net loss in 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.003 (vs CN¥0.016 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.003 (up from CN¥0.016 loss in 2Q 2021). Revenue: CN¥663.2m (up 2.8% from 2Q 2021). Net income: CN¥3.84m (up CN¥26.0m from 2Q 2021). Profit margin: 0.6% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 30% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Jul 28
Alpha Group Announces Board Appointments The Extraordinary General Meeting of Alpha Group held on 26 July 2022, has approved the appointment of Cai Xiaodong as non-independent director. Cai Xianfang, Xin Yinling as non-employee supervisors. Price Target Changed • May 10
Price target decreased to CN¥2.80 Down from CN¥5.10, the current price target is provided by 1 analyst. New target price is 26% below last closing price of CN¥3.78. Stock is down 37% over the past year. The company posted a net loss per share of CN¥0.30 last year. Aankondiging • May 07
Alpha Group, Annual General Meeting, Jun 09, 2022 Alpha Group, Annual General Meeting, Jun 09, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; and to consider Reappointment of audit firm. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.021 loss per share (vs CN¥0.02 profit in 1Q 2021) First quarter 2022 results: CN¥0.021 loss per share (down from CN¥0.02 profit in 1Q 2021). Revenue: CN¥667.6m (flat on 1Q 2021). Net loss: CN¥30.6m (down 212% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 4 highly experienced directors. Member of the Supervisory Board Xian Fang Cai is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.073 loss per share (vs CN¥0.003 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥686.8m (up 1.9% from 3Q 2020). Net loss: CN¥98.5m (down CN¥102.1m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.016 loss per share (vs CN¥0.009 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥645.1m (up 9.2% from 2Q 2020). Net loss: CN¥22.1m (loss widened 108% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 26
Price target decreased to CN¥5.20 Down from CN¥6.20, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥5.36. Stock is down 44% over the past year. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.03 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥672.6m (up 35% from 1Q 2020). Net income: CN¥27.3m (up CN¥66.6m from 1Q 2020). Profit margin: 4.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 07
Full year 2020 earnings released: CN¥0.33 loss per share (vs CN¥0.09 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¥2.37b (down 13% from FY 2019). Net loss: CN¥449.5m (down 474% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥5.74 The company is down 17% from its price of CN¥6.92 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.10 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥6.26 The company is down 10.0% from its price of CN¥6.98 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.069 per share. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.002 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥673.7m (down 2.7% from 3Q 2019). Net income: CN¥3.60m (down 53% from 3Q 2019). Profit margin: 0.5% (down from 1.1% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year and the company’s share price has also fallen by 25% per year. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥6.42 The company is down 33% from its price of CN¥9.65 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.085 per share. Price Target Changed • Oct 15
Price target raised to CN¥10.20 Up from CN¥8.65, the current price target is an average from 4 analysts. The new target price is 41% above the current share price of CN¥7.24. As of last close, the stock is down 2.4% over the past year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥6.72 The company is down 20% from its price of CN¥8.42 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.11 per share. Aankondiging • Aug 12
Alpha Group to Report First Half, 2020 Results on Aug 28, 2020 Alpha Group announced that they will report first half, 2020 results on Aug 28, 2020