Aankondiging • Jun 30
Toread Holdings Group Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Toread Holdings Group Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • May 25
Dividend reduced to CN¥0.01 Dividend of CN¥0.01 is 17% lower than last year. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.07%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 11%. Aankondiging • Apr 29
Toread Holdings Group Co., Ltd., Annual General Meeting, May 20, 2026 Toread Holdings Group Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: 1F, South Tower, No. 28, Hongfu Technology Park, Beiqijia Town, Changping District, Beijing China Aankondiging • Mar 31
Toread Holdings Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Toread Holdings Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Aankondiging • Dec 31
Toread Holdings Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Toread Holdings Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Aankondiging • Sep 30
Toread Holdings Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Toread Holdings Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Aankondiging • Aug 26
Toread Holdings Group Co., Ltd. announced that it expects to receive CNY 1.930005568 billion in funding from Beijing Tongyu Heying Investment Management Co., Ltd. and another investor Toread Holdings Group Co., Ltd. announced that it has entered into a share subscription agreement to issue 265,110,655 A shares at an issue price of CNY 7.28 per share for gross proceeds of CNY 1,930,005,568.4 on August 25, 2025. The transaction includes participation from Li Ming and his controlled enterprise Beijing Tongyu Heying Investment Management Co., Ltd. The shares cannot be transferred within 36 months from the issuance closing date. The company has received shareholder approval in the 5th meeting of the company's 6th directorate and the company is subject to approvals of the shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Aankondiging • Jul 02
Toread Holdings Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Toread Holdings Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Aankondiging • Apr 29
Toread Holdings Group Co., Ltd., Annual General Meeting, May 20, 2025 Toread Holdings Group Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Aankondiging • Mar 31
Toread Holdings Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Toread Holdings Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Mar 07
Toread Holdings Group Co., Ltd. Announces Management Appointments Toread Holdings Group Co., Ltd. announced that at the EGM held on 05 March 2025 approved election of Mao Zhimiao as non-independent director and election of Meng Xing as non-employee supervisor. Aankondiging • Dec 31
Toread Holdings Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Toread Holdings Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.028 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.019 (down from CN¥0.028 in 3Q 2023). Revenue: CN¥399.3m (up 6.5% from 3Q 2023). Net income: CN¥16.2m (down 34% from 3Q 2023). Profit margin: 4.1% (down from 6.5% in 3Q 2023). Revenue is forecast to grow 13% 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 56% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥6.47, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Leisure industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.32 per share. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥6.55, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Leisure industry in China. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.32 per share. Aankondiging • Sep 30
Toread Holdings Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Toread Holdings Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.017 (vs CN¥0.004 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.017 (up from CN¥0.004 in 2Q 2023). Revenue: CN¥326.0m (up 4.1% from 2Q 2023). Net income: CN¥14.3m (up 348% from 2Q 2023). Profit margin: 4.4% (up from 1.0% in 2Q 2023). Revenue is forecast to grow 13% 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 76% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Aug 22
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 7.9% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.22, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Leisure industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.98 per share. Aankondiging • Jun 29
Toread Holdings Group Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Toread Holdings Group Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Aankondiging • Jun 27
Toread Holdings Group Co., Ltd. Announces Dividend Implementation for 2023, Payable on 03 July 2024 Toread Holdings Group Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY0.24000000. Record date: 02 July 2024; Ex-date: 03 July 2024; Payment date: 03 July 2024. Aankondiging • Apr 28
Toread Holdings Group Co., Ltd., Annual General Meeting, May 20, 2024 Toread Holdings Group Co., Ltd., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: 1F, South Tower, No. 28, Hongfu Technology Park, Beiqijia Town, Changping District, Beijing China Agenda: To consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual report and its summary; to consider the 2023 annual accounts report; to consider the 2023 profit distribution plan; to consider the reappointment of 2024 audit firm; to consider the amendments to the Company's articles of association; and to consider the authorization to the board to handle matters regarding the share offering to specific parties via a simplified procedure. Aankondiging • Apr 27
Toread Holdings Group Co., Ltd. Proposes Final Dividend for 2023 Toread Holdings Group Co., Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 0.24000000. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.082 (vs CN¥0.079 in FY 2022) Full year 2023 results: EPS: CN¥0.082 (up from CN¥0.079 in FY 2022). Revenue: CN¥1.39b (up 22% from FY 2022). Net income: CN¥71.8m (up 2.7% from FY 2022). Profit margin: 5.2% (down from 6.1% in FY 2022). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥4.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Leisure industry in China. Total loss to shareholders of 45% over the past three years. Aankondiging • Mar 30
Toread Holdings Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Toread Holdings Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Aankondiging • Feb 08
Toread Holdings Group Co., Ltd. (SZSE:300005) announces an Equity Buyback for CNY 150 million worth of its shares. Toread Holdings Group Co., Ltd. (SZSE:300005) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The shares will be repurchased at a price not more than CNY 8.61 per share. The repurchased shares will be used to safeguard the company's value and shareholders' rights, and will be sold within the specified period in accordance with relevant repurchase rules and regulatory guidelines. The authorization will be valid for a period of 3 months. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.60, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Leisure industry in China. Total loss to shareholders of 33% over the past three years. Aankondiging • Dec 29
Toread Holdings Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Toread Holdings Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.011 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.028 (up from CN¥0.011 loss in 3Q 2022). Revenue: CN¥375.0m (up 32% from 3Q 2022). Net income: CN¥24.5m (up CN¥34.1m from 3Q 2022). Profit margin: 6.5% (up from net loss in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 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 111% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.29, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 16x in the Leisure industry in China. Total returns to shareholders of 1.9% over the past three years. New Risk • Oct 09
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 6.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.004 (vs CN¥0.014 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.004 (down from CN¥0.014 in 2Q 2022). Revenue: CN¥313.0m (up 24% from 2Q 2022). Net income: CN¥3.20m (down 75% from 2Q 2022). Profit margin: 1.0% (down from 5.0% in 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 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 102% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.021 (vs CN¥0.009 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.021 (up from CN¥0.009 in 1Q 2022). Revenue: CN¥242.5m (up 15% from 1Q 2022). Net income: CN¥18.4m (up 124% from 1Q 2022). Profit margin: 7.6% (up from 3.9% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Non-Independent Director Jiapeng Dong is the most experienced director on the board, commencing their role in 2019. 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 28
Third quarter 2022 earnings released: CN¥0.011 loss per share (vs CN¥0.017 profit in 3Q 2021) Third quarter 2022 results: CN¥0.011 loss per share (down from CN¥0.017 profit in 3Q 2021). Revenue: CN¥283.7m (up 14% from 3Q 2021). Net loss: CN¥9.63m (down 163% from profit in 3Q 2021). Revenue is forecast to grow 38% p.a. on average during the next 2 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 27% per year whereas the company’s share price has increased by 25% per year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.014 (vs CN¥0.004 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.014 (up from CN¥0.004 in 2Q 2021). Revenue: CN¥253.2m (up 13% from 2Q 2021). Net income: CN¥12.7m (up 297% from 2Q 2021). Profit margin: 5.0% (up from 1.4% in 2Q 2021). Over the next year, revenue is forecast to grow 41%, compared to a 28% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.062 (vs CN¥0.31 loss in FY 2020) Full year 2021 results: EPS: CN¥0.062 (up from CN¥0.31 loss in FY 2020). Revenue: CN¥1.24b (up 36% from FY 2020). Net income: CN¥54.5m (up CN¥329.4m from FY 2020). Profit margin: 4.4% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 11%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Non-Independent Director Jiapeng Dong is the most experienced director on the board, commencing their role in 2019. 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 26
Third quarter 2021 earnings released: EPS CN¥0.017 (vs CN¥0.042 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥249.1m (up 49% from 3Q 2020). Net income: CN¥15.4m (up CN¥52.1m from 3Q 2020). Profit margin: 6.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.16 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥224.3m (up 46% from 2Q 2020). Net income: CN¥3.21m (up CN¥142.0m from 2Q 2020). Profit margin: 1.4% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥0.31 loss per share (vs CN¥0.13 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¥912.2m (down 40% from FY 2019). Net loss: CN¥274.9m (down 343% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥168.3m, with losses widening by 60% from the prior year. Total revenue was CN¥989.2m over the last 12 months, down 43% from the prior year. Is New 90 Day High Low • Sep 21
New 90-day high: CN¥7.00 The company is up 75% from its price of CN¥4.01 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.072 per share. 
