Announcement • Jun 30
Goneo Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Goneo Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • Jun 01
Dividend of CN¥1.90 announced Shareholders will receive a dividend of CN¥1.90. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 4.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
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, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Zhen Chen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 30
Goneo Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Goneo Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Goneo Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Goneo Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Announcement • Sep 30
Goneo Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Goneo Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Goneo Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Goneo Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 24
Goneo Group Co., Ltd.(SHSE:603195) dropped from Shanghai Stock Exchange 180 Value Index Goneo Group Co., Ltd removed from Shanghai Stock Exchange 180 Value Index. Announcement • Apr 25
Goneo Group Co., Ltd., Annual General Meeting, May 15, 2025 Goneo Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: No. 258, Guanfu South Road, Industry Park, Guanhaiwei Town, Cixi, Zhejiang China Announcement • Mar 28
Goneo Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Goneo Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 27
Goneo Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Goneo Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.79 (vs CN¥0.77 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.79 (up from CN¥0.77 in 3Q 2023). Revenue: CN¥4.22b (up 5.0% from 3Q 2023). Net income: CN¥1.02b (up 3.4% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
Goneo Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Goneo Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥77.14, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 8.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥119 per share. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥1.02 (vs CN¥0.84 in 2Q 2023) Second quarter 2024 results: EPS: CN¥1.02 (up from CN¥0.84 in 2Q 2023). Revenue: CN¥4.58b (up 7.6% from 2Q 2023). Net income: CN¥1.31b (up 21% from 2Q 2023). Profit margin: 29% (up from 26% in 2Q 2023). 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 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 110% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (110% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jun 28
Gongniu Group Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Gongniu Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥1.05 (vs CN¥0.83 in 1Q 2023) First quarter 2024 results: EPS: CN¥1.05 (up from CN¥0.83 in 1Q 2023). Revenue: CN¥3.80b (up 14% from 1Q 2023). Net income: CN¥929.3m (up 26% from 1Q 2023). Profit margin: 24% (up from 22% in 1Q 2023). 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 Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Gongniu Group Co.,Ltd., Annual General Meeting, May 20, 2024 Gongniu Group Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: No. 88, Rixian Road, Cixi, Ningbo, Zhejiang China Buy Or Sell Opportunity • Apr 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to CN¥107. The fair value is estimated to be CN¥87.64, 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. Earnings per share has grown by 13%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Announcement • Mar 30
Gongniu Group Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Gongniu Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 29
Gongniu Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Gongniu Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥1.12 (vs CN¥0.97 in 3Q 2022) Third quarter 2023 results: EPS: CN¥1.12 (up from CN¥0.97 in 3Q 2022). Revenue: CN¥4.01b (up 10% from 3Q 2022). Net income: CN¥991.3m (up 16% from 3Q 2022). Profit margin: 25% (up from 24% 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 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Gongniu Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Gongniu Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Announcement • Jun 28
Gongniu Group Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Gongniu Group Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 11
Full year 2022 earnings released: EPS: CN¥5.28 (vs CN¥4.63 in FY 2021) Full year 2022 results: EPS: CN¥5.28 (up from CN¥4.63 in FY 2021). Revenue: CN¥14.1b (up 14% from FY 2021). Net income: CN¥3.17b (up 14% from FY 2021). Profit margin: 23% (in line with FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Electrical industry in China. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Wen Chuan Zhou 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. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥1.43 (vs CN¥1.31 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.43 (up from CN¥1.31 in 3Q 2021). Revenue: CN¥3.64b (up 14% from 3Q 2021). Net income: CN¥853.6m (up 8.8% from 3Q 2021). Profit margin: 24% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Reported Earnings • Aug 20
First half 2022 earnings released: EPS: CN¥2.51 (vs CN¥2.37 in 1H 2021) First half 2022 results: EPS: CN¥2.51 (up from CN¥2.37 in 1H 2021). Revenue: CN¥6.84b (up 18% from 1H 2021). Net income: CN¥1.51b (up 6.1% from 1H 2021). Profit margin: 22% (down from 24% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 60% growth forecast for the Electrical industry in China. Buying Opportunity • Jun 11
Now 20% undervalued Over the last 90 days, the stock is up 3.7%. The fair value is estimated to be CN¥178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 39% in the next 2 years. Buying Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be CN¥178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 39% in the next 2 years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥169, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Reported Earnings • Mar 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥4.69 (up from CN¥3.89 in FY 2020). Revenue: CN¥12.4b (up 24% from FY 2020). Net income: CN¥2.81b (up 22% from FY 2020). Profit margin: 23% (in line with FY 2020). Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 12%, compared to a 63% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥1.31 (vs CN¥1.32 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.19b (up 5.1% from 3Q 2020). Net income: CN¥784.9m (down 1.3% from 3Q 2020). Profit margin: 25% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥1.36 (vs CN¥1.07 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.25b (up 19% from 2Q 2020). Net income: CN¥814.5m (up 29% from 2Q 2020). Profit margin: 25% (up from 23% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥1.01 (vs CN¥0.29 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.57b (up 87% from 1Q 2020). Net income: CN¥606.9m (up 256% from 1Q 2020). Profit margin: 24% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 05
New 90-day low: CN¥186 The company is down 2.0% from its price of CN¥189 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥85.51 per share. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥215, the stock is trading at a trailing P/E ratio of 58x, down from the previous P/E ratio of 69.9x. This compares to an average P/E of 35x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥259, the stock is trading at a trailing P/E ratio of 69.9x, up from the previous P/E ratio of 60.8x. This compares to an average P/E of 35x in the Electrical industry in China. Is New 90 Day High Low • Jan 12
New 90-day high: CN¥252 The company is up 51% from its price of CN¥167 on 15 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥84.53 per share. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥243, the stock is trading at a trailing P/E ratio of 65.6x, up from the previous P/E ratio of 55.5x. This compares to an average P/E of 36x in the Electrical industry in China. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥211 The company is up 40% from its price of CN¥151 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥86.53 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.15b, down 7.5% from the prior year. Total revenue was CN¥9.66b over the last 12 months, down 3.8% from the prior year. Is New 90 Day High Low • Oct 20
New 90-day high: CN¥178 The company is up 14% from its price of CN¥157 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥78.05 per share. 
