Announcement • Jun 30
FESCO Group Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 FESCO Group Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • Jun 12
Dividend increased to CN¥1.03 Dividend of CN¥1.03 is 48% higher than last year. Ex-date: 17th June 2026 Payment date: 17th June 2026 Dividend yield will be 7.0%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% 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 Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Chengfu Zhang 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 • Apr 25
FESCO Group Co., Ltd., Annual General Meeting, May 19, 2026 FESCO Group Co., Ltd., Annual General Meeting, May 19, 2026, at 10:00 China Standard Time. Location: Tower B, Yard No. 18, Guangqu Road, Chaoyang District, Beijing China Announcement • Mar 30
FESCO Group Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 FESCO Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 26
FESCO Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 FESCO Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Announcement • Sep 30
FESCO Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 FESCO Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jun 30
FESCO Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 FESCO Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 26
FESCO Group Co., Ltd., Annual General Meeting, May 19, 2025 FESCO Group Co., Ltd., Annual General Meeting, May 19, 2025, at 15:00 China Standard Time. Location: Tower B, Yard No. 18, Guangqu Road, Chaoyang District, Beijing China Announcement • Mar 28
FESCO Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 FESCO Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 22
Beijing Jingguoguan Real Estate Investment Co., Ltd. completed the acquisition of Beijing Urban And Rural Huangsi Commercial Building Co.,Ltd. from FESCO Group Co., Ltd. (SHSE:600861). Beijing Jingguoguan Real Estate Investment Co., Ltd. agreed to acquire Beijing Urban And Rural Huangsi Commercial Building Co.,Ltd. from FESCO Group Co., Ltd. (SHSE:600861) for CNY 440 million on February 27, 2025. A cash consideration of CNY 440.71 million will be paid by Beijing Jingguoguan Real Estate Investment Co., Ltd. As part of consideration, CNY 440.71 million is paid towards common equity of Beijing Urban And Rural Huangsi Commercial Building Co.,Ltd. For the period ending December 31, 2024, Beijing Urban And Rural Huangsi Commercial Building Co.,Ltd. reported total revenue of CNY 45.28 million and net income of CNY 21.54 million. As of December 31, 2024, Beijing Urban And Rural Huangsi Commercial Building Co.,Ltd. reported total assets of CNY 437.63 million and total common equity of CNY 80.16 million. The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. As of March 18, 2025, the shareholders of FESCO Group Co has approved the proposal on the transfer of equity in Beijing Urban and Rural Huangsi Commercial Building Co., Ltd. in the meeting which was held on March 17, 2025.
Beijing Jingguoguan Real Estate Investment Co., Ltd. completed the acquisition of Beijing Urban And Rural Huangsi Commercial Building Co.,Ltd. from FESCO Group Co., Ltd. (SHSE:600861) on March 21, 2025. Announcement • Dec 27
FESCO Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 FESCO Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.21 in 3Q 2023). Revenue: CN¥11.3b (up 18% from 3Q 2023). Net income: CN¥207.5m (up 52% from 3Q 2023). Profit margin: 1.8% (up from 1.4% in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Professional Services industry in China. New Risk • Sep 30
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 7.0% 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 High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Sep 30
FESCO Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 FESCO Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥15.79, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in China. Total loss to shareholders of 35% over the past year. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.45 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.39 (down from CN¥0.45 in 2Q 2023). Revenue: CN¥11.3b (down 41% from 2Q 2023). Net income: CN¥223.2m (down 7.5% from 2Q 2023). Profit margin: 2.0% (up from 1.3% in 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Professional Services industry in China. Announcement • Jun 28
FESCO Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 FESCO Group Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.096 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.096 loss in 1Q 2023). Revenue: CN¥10.6b (up CN¥10.4b from 1Q 2023). Net income: CN¥210.7m (up CN¥241.1m from 1Q 2023). Profit margin: 2.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Professional Services industry in China. Announcement • Apr 27
FESCO Group Co., Ltd., Annual General Meeting, May 22, 2024 FESCO Group Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: 11F, Tower B, Yard No. 18, Guangqu Road, Chaoyang District, Beijing China Announcement • Mar 29
FESCO Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 FESCO Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 29
FESCO Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 FESCO Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.17 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.17 loss in 3Q 2022). Revenue: CN¥9.56b (up CN¥9.45b from 3Q 2022). Net income: CN¥136.2m (up CN¥188.9m from 3Q 2022). Profit margin: 1.4% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Multiline Retail industry in China. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.21 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.45 (up from CN¥0.21 loss in 2Q 2022). Revenue: CN¥19.0b (up CN¥18.9b from 2Q 2022). Net income: CN¥241.3m (up CN¥306.5m from 2Q 2022). Profit margin: 1.3% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Multiline Retail industry in China. Announcement • Jun 28
FESCO Group Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 FESCO Group Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Mar 18
Full year 2022 earnings released: CN¥0.68 loss per share (vs CN¥0.20 loss in FY 2021) Full year 2022 results: CN¥0.68 loss per share (further deteriorated from CN¥0.20 loss in FY 2021). Revenue: CN¥483.7m (down 31% from FY 2021). Net loss: CN¥215.2m (loss widened 239% from FY 2021). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Board Change • Mar 14
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. 7 experienced directors. 1 highly experienced director. Chairman & GM Lu Wang was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 
