Board Change • May 20
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. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Xiaoxin Che 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. Insufficient board refreshment. Announcement • Apr 25
Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 22, 2026 Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Comix Group Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shenzhen Comix Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Shenzhen Comix Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Shenzhen Comix Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Announcement • Sep 24
Shenzhen Comix Group Co., Ltd. Approves Interim Cash Dividend for 2025 Shenzhen Comix Group Co., Ltd. held its 3rd Extraordinary General Meeting of 2025 on 22 September 2025, Approved interim Cash dividend/10 shares (tax included): CNY0.70000000. Announcement • Sep 08
Shenzhen Comix Group Co., Ltd. Proposes Dividend for 2025 Shenzhen Comix Group Co., Ltd. hold the 3rd Extraordinary General Meeting of 2025 at 14:30 on 22 September 2025, proposed Cash dividend/10 shares (tax included): CNY0.70000000 for 2025. Announcement • Jul 02
Shenzhen Comix Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • May 22
Shenzhen Comix Group Co., Ltd. Approves Cash Dividend for 2024 Shenzhen Comix Group Co., Ltd. at its Annual General Meeting of 2024 on 16 May 2025, approved 2024 profit distribution plan: Cash dividend per 10 shares (tax included) of CNY 0.70000000. Announcement • Apr 26
Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 16, 2025 Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Comix Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shenzhen Comix Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Shenzhen Comix Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shenzhen Comix Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.091 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥3.40b (up 2.8% from 3Q 2023). Net income: CN¥63.8m (down 5.8% from 3Q 2023). Profit margin: 1.9% (down from 2.0% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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¥5.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Commercial Services industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Sep 30
Shenzhen Comix Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.05 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.05 in 2Q 2023). Revenue: CN¥2.81b (up 10% from 2Q 2023). Net income: CN¥45.3m (up 26% from 2Q 2023). Profit margin: 1.6% (up from 1.4% in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Shenzhen Comix Group Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.06 in 1Q 2023). Revenue: CN¥2.19b (up 15% from 1Q 2023). Net income: CN¥49.4m (up 11% from 1Q 2023). Profit margin: 2.3% (in line with 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 13, 2024 Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Announcement • Mar 30
Shenzhen Comix Group Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥5.34, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Commercial Services industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.99 per share. Announcement • Dec 29
Shenzhen Comix Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.069 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.069 in 3Q 2022). Revenue: CN¥3.31b (up 33% from 3Q 2022). Net income: CN¥67.7m (up 18% from 3Q 2022). Profit margin: 2.0% (down from 2.3% in 3Q 2022). 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 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.048 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.05 (up from CN¥0.048 in 2Q 2022). Revenue: CN¥2.54b (up 20% from 2Q 2022). Net income: CN¥36.1m (up 19% from 2Q 2022). Profit margin: 1.4% (in line with 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. 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 26% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Shenzhen Comix Group Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.07 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.07 in 1Q 2022). Revenue: CN¥1.91b (down 11% from 1Q 2022). Net income: CN¥44.5m (down 19% from 1Q 2022). Profit margin: 2.3% (down from 2.6% in 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Insufficient new directors 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. 2 highly experienced directors. Non-Independent Director Jiqiang Lu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.069 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.069. Revenue: CN¥2.48b (up 5.2% from 3Q 2021). Net income: CN¥57.5m (up 1.2% from 3Q 2021). Profit margin: 2.3% (down from 2.4% in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CN¥0.048 (vs CN¥0.027 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.048 (up from CN¥0.027 in 2Q 2021). Revenue: CN¥2.11b (down 13% from 2Q 2021). Net income: CN¥30.3m (up 73% from 2Q 2021). Profit margin: 1.4% (up from 0.7% in 2Q 2021). Over the next year, revenue is forecast to grow 46%, compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2021). Revenue: CN¥2.15b (up 4.3% from 1Q 2021). Net income: CN¥54.9m (up 1.1% from 1Q 2021). Profit margin: 2.6% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 49%, compared to a 16% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. Chairman & GM Qinpeng Chen is the most experienced director on the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥8.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 307% in the next 2 years. Buying Opportunity • Mar 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be CN¥8.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% per annum over the last 3 years. Earnings per share has declined by 15% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.48, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Commercial Services industry in China. Total returns to shareholders of 8.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.56 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.08 in 3Q 2020) The company reported a solid third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: CN¥2.36b (flat on 3Q 2020). Net income: CN¥56.8m (up 2.9% from 3Q 2020). Profit margin: 2.4% (in line with 3Q 2020). 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 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.027 (vs CN¥0.18 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¥2.43b (up 8.6% from 2Q 2020). Net income: CN¥17.5m (down 87% from 2Q 2020). Profit margin: 0.7% (down from 6.0% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.07 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¥2.06b (up 35% from 1Q 2020). Net income: CN¥54.3m (up 5.8% from 1Q 2020). Profit margin: 2.6% (down from 3.4% in 1Q 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥12.24 The company is down 10.0% from its price of CN¥13.62 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.58 per share. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥13.48 The company is down 10.0% from its price of CN¥15.05 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.59 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥286.5m, up 22% from the prior year. Total revenue was CN¥7.73b over the last 12 months, up 32% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥13.96 The company is down 11% from its price of CN¥15.77 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.91 per share. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥14.11 The company is down 18% from its price of CN¥17.25 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.87 per share.