New Risk • May 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 5.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Reported Earnings • Apr 10
Full year 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.07 in FY 2024) Full year 2025 results: EPS: CN¥0.05 (down from CN¥0.07 in FY 2024). Revenue: CN¥7.99b (flat on FY 2024). Net income: CN¥258.4m (down 29% from FY 2024). Profit margin: 3.2% (down from 4.6% in FY 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Aankondiging • Mar 30
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥4.44, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 59x in the Media industry in China. Total returns to shareholders of 48% over the past three years. Aankondiging • Dec 26
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Fiscal Year 2025 Results on Apr 10, 2026 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.023 (vs CN¥0.014 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.023 (up from CN¥0.014 in 3Q 2024). Revenue: CN¥1.66b (flat on 3Q 2024). Net income: CN¥110.1m (up 52% from 3Q 2024). Profit margin: 6.6% (up from 4.3% in 3Q 2024). 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 9% per year. Aankondiging • Oct 21
Jiangsubroadcasting Corporation Announces Partnership with Phoenix Science Press and Jiangsu Phoenix Vocational Education Press to Launch Two Groundbreaking Books JiangsuBroadcasting Corporation announced partnership with Phoenix Science Press and Jiangsu Phoenix Vocational Education Press to launch two groundbreaking books under the "Chinese Wisdom" series: The Grand Canal: China and Its Wondrous Waterway and Chinese Practice with Chinese Wisdom Chinese as a Foreign Language Teaching Materials. These publications expand JSBC's award-winning "Chinese Wisdom" IP, offering international readers immersive access to China's cultural heritage and philosophical depth. The Grand Canal: China and Its Wondrous Waterway, inspired by JSBC's co-produced documentary with National Geographic, invites readers to explore the 2,500-year-old waterway through the lens of American historian Andrew Field. The book vividly bridges past and present, showcasing how the canal embodies China's ecological philosophy and sustainable development wisdom — a testament to civilization's enduring dialogue with nature. Meanwhile, Chinese Practice with Chinese Wisdom Chinese as a Foreign Language Teaching Materials serves as a dynamic Mandarin textbook for Chinese language learners from around the world. Structured around ten ancient proverbs like "Promoting Harmony between Humanity and Nature" and "Discarding the Outdated in Favor of the New", it combines textual study with real-world case studies. The innovative "Read Ten Thousand Books" and "Walk Ten Thousand Miles" modules empower global students to grasp Confucian and Daoist principles while learning modern Chinese experience through language and cultural practice. Transcending mere storytelling, the book series is meant to serve as a gateway to understanding China's contributions to global thought. Upcoming titles include When Socrates Met Confucius and Architectural China Season 1, further enriching the collection. Aankondiging • Sep 30
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Q3, 2025 Results on Oct 24, 2025 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report Q3, 2025 results on Oct 24, 2025 New Risk • Aug 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 101% 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 Dividend is not well covered by cash flows (118% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.016 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.019 (up from CN¥0.016 in 2Q 2024). Revenue: CN¥2.25b (up 6.7% from 2Q 2024). Net income: CN¥98.4m (up 23% from 2Q 2024). Profit margin: 4.4% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Jun 30
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report First Half, 2025 Results on Aug 26, 2025 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report first half, 2025 results on Aug 26, 2025 Aankondiging • Jun 05
Jiangsu Broadcasting Cable Information Network Corporation Limited, Annual General Meeting, Jun 27, 2025 Jiangsu Broadcasting Cable Information Network Corporation Limited, Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: No. 101, Yunlianghe West Road, Qilin Science and Technology Innovation Park, Nanjing, Jiangsu China Aankondiging • Mar 28
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Aankondiging • Dec 27
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Fiscal Year 2024 Results on Apr 15, 2025 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report fiscal year 2024 results on Apr 15, 2025 Aankondiging • Sep 30
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥3.32, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 42x in the Media industry in China. Total returns to shareholders of 13% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.017 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.016 (down from CN¥0.017 in 2Q 2023). Revenue: CN¥2.11b (up 8.8% from 2Q 2023). Net income: CN¥80.0m (down 5.1% from 2Q 2023). Profit margin: 3.8% (down from 4.3% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Jun 28
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report First Half, 2024 Results on Aug 31, 2024 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report first half, 2024 results on Aug 31, 2024 Aankondiging • Jun 08
Jiangsu Broadcasting Cable Information Network Corporation Limited, Annual General Meeting, Jun 26, 2024 Jiangsu Broadcasting Cable Information Network Corporation Limited, Annual General Meeting, Jun 26, 2024, at 14:00 China Standard Time. Location: 2F, Zixi Building, No. 5, Zijinshan Road, Xuanwu District, Nanjing, Jiangsu China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.014 (vs CN¥0.019 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.014 (down from CN¥0.019 in 1Q 2023). Revenue: CN¥1.86b (up 3.8% from 1Q 2023). Net income: CN¥69.8m (down 26% from 1Q 2023). Profit margin: 3.7% (down from 5.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 10
Full year 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in FY 2022) Full year 2023 results: EPS: CN¥0.07 (in line with FY 2022). Revenue: CN¥7.60b (up 1.2% from FY 2022). Net income: CN¥340.0m (up 4.0% from FY 2022). Profit margin: 4.5% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Mar 29
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Aankondiging • Dec 29
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Fiscal Year 2023 Results on Apr 16, 2024 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.019 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.017 (down from CN¥0.019 in 3Q 2022). Revenue: CN¥1.67b (down 1.3% from 3Q 2022). Net income: CN¥84.4m (down 13% from 3Q 2022). Profit margin: 5.1% (down from 5.7% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Sep 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.013 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.017 (up from CN¥0.013 in 2Q 2022). Revenue: CN¥1.94b (flat on 2Q 2022). Net income: CN¥84.4m (up 30% from 2Q 2022). Profit margin: 4.3% (up from 3.3% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.06 in FY 2021) Full year 2022 results: EPS: CN¥0.07 (up from CN¥0.06 in FY 2021). Revenue: CN¥7.51b (flat on FY 2021). Net income: CN¥326.9m (up 3.8% from FY 2021). Profit margin: 4.4% (up from 4.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 10 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Qiang Geng is the most experienced director on the board, commencing their role in 2018. Independent Director Chunming Zhao 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 • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.023 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.019 (down from CN¥0.023 in 3Q 2021). Revenue: CN¥1.69b (down 5.7% from 3Q 2021). Net income: CN¥96.6m (down 15% from 3Q 2021). Profit margin: 5.7% (down from 6.3% in 3Q 2021). 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. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.013 (vs CN¥0.011 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.013 (up from CN¥0.011 in 2Q 2021). Revenue: CN¥1.95b (flat on 2Q 2021). Net income: CN¥65.2m (up 18% from 2Q 2021). Profit margin: 3.3% (up from 2.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.06 (up from CN¥0.03 in FY 2020). Revenue: CN¥7.46b (up 1.6% from FY 2020). Net income: CN¥315.1m (up 87% from FY 2020). Profit margin: 4.2% (up from 2.3% in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.023 (vs CN¥0.03 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.79b (down 2.4% from 3Q 2020). Net income: CN¥113.2m (down 29% from 3Q 2020). Profit margin: 6.3% (down from 8.7% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 29
Jiangsu Broadcasting Plans to Buy 6.25% Stake in Financial Leasing Firm Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) said it plans to buy 6.25% stake in Financial Leasing Firm for CNY 732.5 million. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.011 (vs CN¥0.026 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.97b (up 6.1% from 2Q 2020). Net income: CN¥55.4m (down 64% from 2Q 2020). Profit margin: 2.8% (down from 8.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.03 (vs CN¥0.07 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.34b (down 4.0% from FY 2019). Net income: CN¥168.6m (down 49% from FY 2019). Profit margin: 2.3% (down from 4.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥3.09 The company is down 14% from its price of CN¥3.60 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 10.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: CN¥3.14 The company is down 17% from its price of CN¥3.77 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 14% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥3.30 The company is down 12% from its price of CN¥3.74 on 25 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 Media industry, which is down 5.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥3.51 The company is down 7.0% from its price of CN¥3.78 on 10 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 Media industry, which is down 2.0% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS CN¥0.03 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥1.84b (up 4.8% from 3Q 2019). Net income: CN¥158.8m (up 22% from 3Q 2019). Profit margin: 8.7% (up from 7.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Aankondiging • Oct 29
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report Q3, 2020 Results on Oct 31, 2020 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 27
New 90-day low: CN¥3.62 The company is down 5.0% from its price of CN¥3.80 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥3.71 The company is down 1.0% from its price of CN¥3.76 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 Media industry, which is flat over the same period. Aankondiging • Sep 11
Jiangsu Guojin Group Information Network Investment Co., Ltd. completed the acquisition of 56.94% stake in Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) from Jiangsu Province Radio & Television Group Co., Ltd. and others. Jiangsu Guojin Group Information Network Investment Co., Ltd. agreed in principle to acquire 56.94% stake in Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) from Jiangsu Province Radio & Television Group Co., Ltd. and others on June 13, 2020. An unpaid transfer agreement is yet to be signed. Jiangsu Guojin Group Information Network Investment Co., Ltd. signed an equity transfer agreement to acquire 56.94% stake in Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) from Jiangsu Province Radio & Television Group Co., Ltd. on June 24, 2020. After the completion of the transaction, Guojin Network will hold 2.4 billion shares outstanding in the company, accounting for 47.52% of the total share capital of the company and 471 million restricted tradable shares of the company, accounting for 9.42% of the company’s total share capital, and controlling 2.8 billion shares of the company in total, accounting for 56.94% of the company’s total share capital. The transaction is subject to approval of approval of Jiangsu Province Radio & Television Group and the superior authority of Jiangsu Guojin Group Information Network Investment. On June 24, 2020, the shareholders who hold 9.42% of the restricted tradable company shares signed Share Voting Rights Entrustment Agreement with Guojin Network.
Jiangsu Guojin Group Information Network Investment Co., Ltd. completed the acquisition of 56.94% stake in Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) from Jiangsu Province Radio & Television Group Co., Ltd. and others on September 10, 2020. Aankondiging • Jul 09
Jiangsu Broadcasting Cable Information Network Corporation Limited to Report First Half, 2020 Results on Aug 25, 2020 Jiangsu Broadcasting Cable Information Network Corporation Limited announced that they will report first half, 2020 results on Aug 25, 2020 
