Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Qiusheng Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Mar 31
CMST Development Co.,Ltd., Annual General Meeting, Apr 29, 2026 CMST Development Co.,Ltd., Annual General Meeting, Apr 29, 2026, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China Aankondiging • Mar 30
CMST Development Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 CMST Development Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Aankondiging • Dec 26
CMST Development Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 CMST Development Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Aankondiging • Sep 30
CMST Development Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 CMST Development Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Aankondiging • Jun 30
CMST Development Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 CMST Development Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Aankondiging • Apr 20
CMST Development Co.,Ltd., Annual General Meeting, May 09, 2025 CMST Development Co.,Ltd., Annual General Meeting, May 09, 2025, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China Aankondiging • Mar 28
CMST Development Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 CMST Development Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Aankondiging • Dec 27
CMST Development Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 CMST Development Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.25, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 18x in the Logistics industry in China. Total loss to shareholders of 2.2% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.07 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.07 in 3Q 2023). Revenue: CN¥16.8b (up 1.8% from 3Q 2023). Net income: CN¥7.15m (down 95% from 3Q 2023). Profit margin: 0% (down from 0.9% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥5.32, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 19x in the Logistics industry in China. Negligible returns to shareholders over past three years. Aankondiging • Sep 30
CMST Development Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 CMST Development Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.048 (vs CN¥0.046 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.048 (up from CN¥0.046 in 2Q 2023). Revenue: CN¥16.5b (down 11% from 2Q 2023). Net income: CN¥103.7m (up 1.9% from 2Q 2023). Profit margin: 0.6% (up from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Aankondiging • Jun 28
CMST Development Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 CMST Development Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • Jun 01
Dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.041 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.041 in 1Q 2023). Revenue: CN¥13.9b (down 6.1% from 1Q 2023). Net income: CN¥273.9m (up 211% from 1Q 2023). Profit margin: 2.0% (up from 0.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.29 in FY 2022) Full year 2023 results: EPS: CN¥0.36 (up from CN¥0.29 in FY 2022). Revenue: CN¥67.3b (down 12% from FY 2022). Net income: CN¥786.6m (up 23% from FY 2022). Profit margin: 1.2% (up from 0.8% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% 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 • Apr 20
CMST Development Co.,Ltd., Annual General Meeting, May 09, 2024 CMST Development Co.,Ltd., Annual General Meeting, May 09, 2024, at 09:30 China Standard Time. Location: Tower A, Building 2, Yard No. 5, Fenghuangzui Street, Fengtai District, Beijing China Aankondiging • Mar 29
CMST Development Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 CMST Development Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.19, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 22x in the Logistics industry in China. Total returns to shareholders of 22% over the past three years. Buy Or Sell Opportunity • Jan 25
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at CN¥5.08. The fair value is estimated to be CN¥4.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Aankondiging • Dec 29
CMST Development Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 CMST Development Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.009 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.009 in 3Q 2022). Revenue: CN¥16.5b (down 16% from 3Q 2022). Net income: CN¥151.3m (up CN¥131.0m from 3Q 2022). Profit margin: 0.9% (up from 0.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.054 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.054 in 2Q 2022). Revenue: CN¥18.7b (down 19% from 2Q 2022). Net income: CN¥101.8m (down 13% from 2Q 2022). Profit margin: 0.5% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 16
Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.41 in FY 2021) Full year 2022 results: EPS: CN¥0.30 (down from CN¥0.41 in FY 2021). Revenue: CN¥76.8b (up 2.0% from FY 2021). Net income: CN¥640.5m (down 27% from FY 2021). Profit margin: 0.8% (down from 1.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.05, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the Logistics industry in China. Total returns to shareholders of 36% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Guanjiang Gao was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.009 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥19.8b (down 2.7% from 3Q 2021). Net income: CN¥20.3m (down 96% from 3Q 2021). Profit margin: 0.1% (down from 2.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.054 (vs CN¥0.044 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.054 (up from CN¥0.044 in 2Q 2021). Revenue: CN¥22.9b (up 15% from 2Q 2021). Net income: CN¥116.4m (up 21% from 2Q 2021). Profit margin: 0.5% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.024 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.024 in 1Q 2021). Revenue: CN¥15.8b (up 20% from 1Q 2021). Net income: CN¥325.9m (up CN¥274.1m from 1Q 2021). Profit margin: 2.1% (up from 0.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Wen Hu Liu was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥6.52, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 25x in the Logistics industry in China. Total loss to shareholders of 7.7% over the past three years. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.41 (vs CN¥0.26 in FY 2020) Full year 2021 results: EPS: CN¥0.41 (up from CN¥0.26 in FY 2020). Revenue: CN¥75.2b (up 54% from FY 2020). Net income: CN¥881.0m (up 55% from FY 2020). Profit margin: 1.2% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥5.99, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 22x in the Logistics industry in China. Total returns to shareholders of 11% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.069 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥20.3b (up 49% from 3Q 2020). Net income: CN¥499.4m (up 234% from 3Q 2020). Profit margin: 2.5% (up from 1.1% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥6.01, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 24x in the Logistics industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.039 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥20.0b (up 63% from 2Q 2020). Net income: CN¥96.3m (up 13% from 2Q 2020). Profit margin: 0.5% (down from 0.7% in 2Q 2020). 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 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥6.39, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 23x in the Logistics industry in China. Total loss to shareholders of 3.1% over the past three years. Reported Earnings • May 03
First quarter 2021 earnings released: EPS CN¥0.024 (vs CN¥0.017 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥13.2b (up 78% from 1Q 2020). Net income: CN¥51.8m (up 41% from 1Q 2020). Profit margin: 0.4% (down from 0.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% 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 • Apr 11
Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.13 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥48.8b (up 21% from FY 2019). Net income: CN¥566.8m (up 103% from FY 2019). Profit margin: 1.2% (up from 0.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥4.96 The company is up 8.0% from its price of CN¥4.61 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Logistics industry, which is up 3.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥287.4m, down 57% from the prior year. Total revenue was CN¥40.4b over the last 12 months, up 1.3% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥4.60 The company is down 7.0% from its price of CN¥4.94 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: CN¥4.61 The company is down 1.0% from its price of CN¥4.66 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 21% over the same period.