Reported Earnings • Apr 24
First quarter 2026 earnings released: CN¥0.13 loss per share (vs CN¥0.24 loss in 1Q 2025) First quarter 2026 results: CN¥0.13 loss per share (improved from CN¥0.24 loss in 1Q 2025). Revenue: CN¥46.7m (up 12% from 1Q 2025). Net loss: CN¥19.6m (loss narrowed 45% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Apr 03
Shenzhen Institute of Building Research Co., Ltd., Annual General Meeting, Apr 24, 2026 Shenzhen Institute of Building Research Co., Ltd., Annual General Meeting, Apr 24, 2026, at 15:00 China Standard Time. Announcement • Mar 31
Shenzhen Institute of Building Research Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shenzhen Institute of Building Research Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 21
Full year 2025 earnings released: CN¥0.63 loss per share (vs CN¥0.016 profit in FY 2024) Full year 2025 results: CN¥0.63 loss per share (down from CN¥0.016 profit in FY 2024). Revenue: CN¥255.1m (down 32% from FY 2024). Net loss: CN¥92.1m (down CN¥94.5m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Dec 31
Shenzhen Institute of Building Research Co., Ltd. to Report Fiscal Year 2025 Results on Mar 21, 2026 Shenzhen Institute of Building Research Co., Ltd. announced that they will report fiscal year 2025 results on Mar 21, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.041 loss in 3Q 2024) Third quarter 2025 results: CN¥0.11 loss per share (further deteriorated from CN¥0.041 loss in 3Q 2024). Revenue: CN¥53.9m (down 44% from 3Q 2024). Net loss: CN¥16.5m (loss widened 174% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shenzhen Institute of Building Research Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shenzhen Institute of Building Research Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Shenzhen Institute of Building Research Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shenzhen Institute of Building Research Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 09
Shenzhen Institute of Building Research Co., Ltd., Annual General Meeting, Jun 30, 2025 Shenzhen Institute of Building Research Co., Ltd., Annual General Meeting, Jun 30, 2025, at 14:30 China Standard Time. Location: 5F, No. 29, Mei'ao 3rd Road, Meilin, Futian District, Shenzhen, Guangdong China Reported Earnings • Apr 30
First quarter 2025 earnings released: CN¥0.24 loss per share (vs CN¥0.097 loss in 1Q 2024) First quarter 2025 results: CN¥0.24 loss per share (further deteriorated from CN¥0.097 loss in 1Q 2024). Revenue: CN¥41.7m (down 45% from 1Q 2024). Net loss: CN¥35.5m (loss widened 150% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Mar 31
Shenzhen Institute of Building Research Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Institute of Building Research Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Mar 25
Shenzhen Institute of Building Research Co., Ltd. Proposes Final Dividend for the Year 2024 Shenzhen Institute of Building Research Co., Ltd. announced on 24 March 2025 the Final Dividend proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.10000000. New Risk • Mar 22
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: 0.6% Last year net profit margin: 5.7% 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: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Earnings have declined by 10% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.16 in FY 2023) Full year 2024 results: EPS: CN¥0.016 (down from CN¥0.16 in FY 2023). Revenue: CN¥372.2m (down 11% from FY 2023). Net income: CN¥2.40m (down 90% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Dec 31
Shenzhen Institute of Building Research Co., Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025 Shenzhen Institute of Building Research Co., Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.21, the stock trades at a trailing P/E ratio of 78x. Average trailing P/E is 47x in the Professional Services industry in China. Total loss to shareholders of 10% over the past three years. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Nov 01
Now 23% undervalued Over the last 90 days, the stock has risen 22% to CN¥14.82. The fair value is estimated to be CN¥19.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Earnings per share has declined by 3.9%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 117% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.041 loss per share (vs CN¥0.01 profit in 3Q 2023) Third quarter 2024 results: CN¥0.041 loss per share (down from CN¥0.01 profit in 3Q 2023). Revenue: CN¥96.1m (down 6.9% from 3Q 2023). Net loss: CN¥6.05m (down 496% from profit in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Professional Services industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shenzhen Institute of Building Research Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen Institute of Building Research Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥14.95, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 17x in the Professional Services industry in China. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.65, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 14x in the Professional Services industry in China. Total loss to shareholders of 10% over the past three years. New Risk • Aug 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Jul 12
Shenzhen Institute of Building Research Co., Ltd. Announces Board and Supervisors Appointments Shenzhen Institute of Building Research Co., Ltd. announced at the EGM held on July 10, 2024, approved election of Mao Hongwei, Zhang Ming and Yu Shusheng, Wang Xiaowei and Guo Shunzhi as non-employee supervisor. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥12.80, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 15x in the Professional Services industry in China. Total loss to shareholders of 25% over the past three years. Announcement • Jun 29
Shenzhen Institute of Building Research Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Shenzhen Institute of Building Research Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 29
Shenzhen Institute of Building Research Co., Ltd. Announces Final Cash Dividend on A Shares, Payable on 31 May 2024 Shenzhen Institute of Building Research Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY0.40000000. Record date: 30 May 2024. Ex-date: 31 May 2024. Payment date: 31 May 2024. Declared Dividend • May 29
Dividend reduced to CN¥0.04 Dividend of CN¥0.04 is 64% lower than last year. Ex-date: 31st May 2024 Payment date: 31st May 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.5%. New Risk • May 29
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 8.4% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.67, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 18x in the Professional Services industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.26 loss in 1Q 2023) First quarter 2024 results: CN¥0.15 loss per share (improved from CN¥0.26 loss in 1Q 2023). Revenue: CN¥57.9m (down 2.3% from 1Q 2023). Net loss: CN¥21.7m (loss narrowed 44% from 1Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. New Risk • Apr 17
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 11% 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: Major Risk Debt is not well covered by operating cash flow (2.5% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.7% net profit margin). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.58, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Professional Services industry in China. Total loss to shareholders of 46% over the past three years. Reported Earnings • Apr 01
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.16 (down from CN¥0.50 in FY 2022). Revenue: CN¥416.1m (down 12% from FY 2022). Net income: CN¥23.6m (down 68% from FY 2022). Profit margin: 5.7% (down from 15% in FY 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Professional Services industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. New Risk • Feb 05
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 7.5% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Announcement • Dec 30
Shenzhen Institute of Building Research Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Shenzhen Institute of Building Research Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.22 in 3Q 2022). Revenue: CN¥103.2m (down 32% from 3Q 2022). Net income: CN¥1.53m (down 95% from 3Q 2022). Profit margin: 1.5% (down from 22% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Professional Services industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Oct 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥17.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 141% in the next 2 years. Announcement • Sep 30
Shenzhen Institute of Building Research Co., Ltd. to Report Q3, 2023 Results on Oct 24, 2023 Shenzhen Institute of Building Research Co., Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: CN¥0.042 loss per share (vs CN¥0.04 profit in 2Q 2022) Second quarter 2023 results: CN¥0.042 loss per share (down from CN¥0.04 profit in 2Q 2022). Revenue: CN¥102.6m (flat on 2Q 2022). Net loss: CN¥6.21m (down 206% from profit in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Professional Services industry in China. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥16.22, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Professional Services industry in China. Total loss to shareholders of 5.9% over the past three years. New Risk • Aug 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Dividend is not well covered by cash flows (257% cash payout ratio). Large one-off items impacting financial results. New Risk • Jun 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 8.0% 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: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (257% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥18.24, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 41x in the Professional Services industry in China. Total returns to shareholders of 44% over the past three years. Announcement • Jun 06
Shenzhen Institute of Building Research Co., Ltd. Announces Final Profit Distribution Plan of 2022, Payable on 09 June 2023 Shenzhen Institute of Building Research Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included) of CNY 1.10000000. Record date: 08 June 2023. Ex-date: 09 June 2023. Payment date: 09 June 2023. Announcement • May 24
Shenzhen Institute of Building Research Co., Ltd. Approves 2022 Profit Distribution Plan Shenzhen Institute of Building Research Co., Ltd. at its Annual General Meeting of 2022, held on 19 May 2023 approved 2022 profit distribution plan. Cash dividend/10 shares (tax included): CNY 1.10000000. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: CN¥0.50 (vs CN¥0.30 in FY 2021) Full year 2022 results: EPS: CN¥0.50 (up from CN¥0.30 in FY 2021). Revenue: CN¥474.1m (down 5.7% from FY 2021). Net income: CN¥73.1m (up 64% from FY 2021). Profit margin: 15% (up from 8.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Board Change • Dec 07
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Independent Director Xiaodong Shao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
Shenzhen Institute of Building Research Co., Ltd. Elects Shao Xiaodong as A Non-Independent Director At the Extraordinary General Meeting Held on November 10, 2022 Shenzhen Institute of Building Research Co., Ltd. elected Shao Xiaodong as a non-independent director at the Extraordinary General Meeting held on November 10, 2022. Announcement • Sep 07
Shenzhen Institute of Building Research Co., Ltd. Approves Change of the Accounting Policies Shenzhen Institute of Building Research Co., Ltd. approved change of the accounting policies at its EGM held on 05 September 2022. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥102.7m (down 13% from 2Q 2021). Net income: CN¥5.84m (down 63% from 2Q 2021). Profit margin: 5.7% (down from 13% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 13
Shenzhen Institute of Building Research Co., Ltd. Announces Final Profit Distribution Plan of 2021, Payable on 18 May 2022 Shenzhen Institute of Building Research Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) of cash dividend (tax included) of CNY 1.00000000 per ten shares. Record date is 17 May 2022; Ex-date is 18 May 2022 and Payment date is 18 May 2022. Reported Earnings • Apr 30
First quarter 2022 earnings released: CN¥0.15 loss per share (vs CN¥0.10 loss in 1Q 2021) First quarter 2022 results: CN¥0.15 loss per share (down from CN¥0.10 loss in 1Q 2021). Revenue: CN¥58.9m (down 24% from 1Q 2021). Net loss: CN¥22.4m (loss widened 53% from 1Q 2021). 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. 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. No highly experienced directors. 3 independent directors (5 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥16.53, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 37x in the Professional Services industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Mar 29
Shenzhen Institute of Building Research Co., Ltd. Announces Proposal of Final Cash Dividend for 2021 Shenzhen Institute of Building Research Co., Ltd. announced proposal of Final Cash dividend of CNY 1.00000000 per 10 shares (tax included) for 2021. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: CN¥0.30 (vs CN¥0.30 in FY 2020) Full year 2021 results: EPS: CN¥0.30 (up from CN¥0.30 in FY 2020). Revenue: CN¥502.8m (flat on FY 2020). Net income: CN¥44.5m (up 1.5% from FY 2020). Profit margin: 8.9% (up from 8.7% in FY 2020). 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 23
Third quarter 2021 earnings released: CN¥0.027 loss per share (vs CN¥0.085 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥98.2m (down 22% from 3Q 2020). Net loss: CN¥3.94m (down 131% from profit in 3Q 2020). 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.17 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥117.4m (down 7.9% from 2Q 2020). Net income: CN¥15.7m (down 35% from 2Q 2020). Profit margin: 13% (down from 19% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • May 21
Shenzhen Institute of Building Research Co., Ltd. Announces Cash Dividend on Its A Share for the Year of 2020, Payable on 25 May 2021 Shenzhen Institute of Building Research Co., Ltd. announced Cash dividend/10 shares (tax included): CNY 0.90000000 on its A share for the year of 2020. Record date is 24 May 2021, Ex-date is 25 May 2021 and Payment date is 25 May 2021. Reported Earnings • Apr 25
First quarter 2021 earnings released: CN¥0.10 loss per share (vs CN¥0.14 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥77.0m (up 51% from 1Q 2020). Net loss: CN¥14.6m (loss narrowed 30% from 1Q 2020). 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.30 (vs CN¥0.25 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥506.5m (up 8.2% from FY 2019). Net income: CN¥43.9m (up 20% from FY 2019). Profit margin: 8.7% (up from 7.8% in FY 2019). The increase in margin was driven by higher revenue. 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 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 09
New 90-day high: CN¥19.39 The company is up 3.0% from its price of CN¥18.75 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 4.0% over the same period. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥18.02, the stock is trading at a trailing P/E ratio of 34.5x, up from the previous P/E ratio of 29.3x. This compares to an average P/E of 29x in the Professional Services industry in China. Total return to shareholders over the past three years is a loss of 55%. Announcement • Feb 24
Shenzhen Institute of Building Research Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Shenzhen Institute of Building Research Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥14.52 The company is down 35% from its price of CN¥22.37 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is down 8.0% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥14.69, the stock is trading at a trailing P/E ratio of 28.1x, down from the previous P/E ratio of 34.7x. This compares to an average P/E of 29x in the Professional Services industry in China. Total return to shareholders over the past three years is a loss of 59%. Is New 90 Day High Low • Jan 08
New 90-day low: CN¥16.15 The company is down 26% from its price of CN¥21.91 on 09 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥17.14 The company is down 13% from its price of CN¥19.63 on 23 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 Professional Services industry, which is down 6.0% over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market pulls back on stock over the past week After last week's 18% share price decline to CN¥18.75, the stock is trading at a trailing P/E ratio of 35.9x, down from the previous P/E ratio of 43.6x. This compares to an average P/E of 38x in the Professional Services industry in China. Total return to shareholders over the past three years is a loss of 33%. Announcement • Nov 06
Shenzhen Institute of Building Research Co., Ltd. Announces Management Changes Shenzhen Institute of Building Research Co., Ltd. at its Extraordinary General Meeting of 2020 held on 04 November 2020 appointed Ye Qing, Chen Zeguang, Huang Qing, Zhang Feng, Chen Yedong and Ye Xiaoqing as non-independent directors, appointed Zhang Yanping, Xie Lanjun and Zhou Junxiang as independent directors and appointed Xiao Xiaofeng, Liao Junkai and Li Xuan as non-employee supervisors. Reported Earnings • Oct 21
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥76.6m, with earnings increasing by CN¥69.6m from the prior year. Total revenue was CN¥535.5m over the last 12 months, up 37% from the prior year. Valuation Update With 7 Day Price Move • Oct 20
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥26.21, the stock is trading at a trailing P/E ratio of 73.6x, down from the previous P/E ratio of 88.6x. This compares to an average P/E of 42x in the Professional Services industry in China. Total return to shareholders over the past three years is a loss of 38%. Announcement • Oct 16
Shenzhen Institute of Building Research Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020 Shenzhen Institute of Building Research Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020 Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 33% share price gain to CN¥27.08, the stock is trading at a trailing P/E ratio of 76.1x, up from the previous P/E ratio of 57x. This compares to an average P/E of 43x in the Professional Services industry in China. Total return to shareholders over the past three years is a loss of 35%. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 30% share price gain to CN¥26.29, the stock is trading at a trailing P/E ratio of 73.9x, up from the previous P/E ratio of 57x. This compares to an average P/E of 40x in the Professional Services industry in China. Total return to shareholders over the past three years is a loss of 42%. Is New 90 Day High Low • Oct 09
New 90-day high: CN¥21.91 The company is up 36% from its price of CN¥16.09 on 10 July 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: CN¥19.63 The company is up 48% from its price of CN¥13.27 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 21% over the same period.