New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.68 loss per share (vs CN¥0.03 profit in FY 2024) Full year 2025 results: CN¥0.68 loss per share (down from CN¥0.03 profit in FY 2024). Revenue: CN¥3.28b (down 17% from FY 2024). Net loss: CN¥359.5m (down CN¥377.5m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Apr 28
Zhejiang Ming Jewelry Co., Ltd., Annual General Meeting, May 22, 2026 Zhejiang Ming Jewelry Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China