Announcement • Jun 30
Sleemon Healthy Sleep Technology Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Sleemon Healthy Sleep Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥9.74, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Consumer Durables industry in China. Total loss to shareholders of 58% over the past three years. New Risk • May 19
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 8.2% 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: Minor Risks Dividend is not well covered by earnings (153% payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Consumer Durables industry in China. Total loss to shareholders of 64% over the past three years. New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.65 (down from CN¥0.85 in FY 2024). Revenue: CN¥8.82b (up 1.0% from FY 2024). Net income: CN¥241.4m (down 25% from FY 2024). Profit margin: 2.7% (down from 3.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables industry in China. 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 22% per year, which means it is significantly lagging earnings. Announcement • Apr 25
Sleemon Healthy Sleep Technology Co., Ltd., Annual General Meeting, May 22, 2026 Sleemon Healthy Sleep Technology Co., Ltd., Annual General Meeting, May 22, 2026, at 13:30 China Standard Time. Location: 4F, Building B, No. 13-1, Sanjiang Road, Doumen Town, Shaoxing, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥12.34, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.92 per share. Announcement • Mar 30
Sleemon Healthy Sleep Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Sleemon Healthy Sleep Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥17.68, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.54 per share. New Risk • Jan 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 7.1% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Dec 26
Xilinmen Furniture Co.,Ltd to Report Fiscal Year 2025 Results on Apr 25, 2026 Xilinmen Furniture Co.,Ltd announced that they will report fiscal year 2025 results on Apr 25, 2026 Price Target Changed • Nov 16
Price target increased by 8.2% to CN¥20.75 Up from CN¥19.18, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of CN¥19.10. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥0.85 last year. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.36 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.35 (down from CN¥0.36 in 3Q 2024). Revenue: CN¥2.18b (up 7.8% from 3Q 2024). Net income: CN¥132.8m (down 6.1% from 3Q 2024). Profit margin: 6.1% (down from 7.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Xilinmen Furniture Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Xilinmen Furniture Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Major Estimate Revision • Aug 27
Consensus EPS estimates increase by 13%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥9.36b to CN¥9.17b. EPS estimate rose from CN¥1.09 to CN¥1.23. Net income forecast to grow 34% next year vs 23% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥19.18 to CN¥20.04. Share price rose 11% to CN¥18.25 over the past week. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.53 (vs CN¥0.45 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.53 (up from CN¥0.45 in 2Q 2024). Revenue: CN¥2.29b (up 4.3% from 2Q 2024). Net income: CN¥195.4m (up 22% from 2Q 2024). Profit margin: 8.5% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Consumer Durables 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 19% per year, which means it is performing significantly worse than earnings. Announcement • Jun 30
Xilinmen Furniture Co.,Ltd to Report First Half, 2025 Results on Aug 21, 2025 Xilinmen Furniture Co.,Ltd announced that they will report first half, 2025 results on Aug 21, 2025 Declared Dividend • Jun 13
Dividend increased to CN¥0.52 Dividend of CN¥0.52 is 4.0% higher than last year. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 3.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.85 (down from CN¥1.11 in FY 2023). Revenue: CN¥8.73b (flat on FY 2023). Net income: CN¥322.4m (down 25% from FY 2023). Profit margin: 3.7% (down from 4.9% in FY 2023). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year. Announcement • Apr 25
Xilinmen Furniture Co.,Ltd, Annual General Meeting, May 23, 2025 Xilinmen Furniture Co.,Ltd, Annual General Meeting, May 23, 2025, at 13:30 China Standard Time. Location: 4F, Tower B, No. 13-1, Sanjiang Road, Doumen Town, Shaoxing, Zhejiang China Announcement • Mar 28
Xilinmen Furniture Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Xilinmen Furniture Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Xilinmen Furniture Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Xilinmen Furniture 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¥0.36 (vs CN¥0.44 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.36 (down from CN¥0.44 in 3Q 2023). Revenue: CN¥2.02b (down 11% from 3Q 2023). Net income: CN¥141.5m (down 16% from 3Q 2023). Profit margin: 7.0% (down from 7.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Announcement • Sep 30
Xilinmen Furniture Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Xilinmen Furniture Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.16, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Sep 25
Xilinmen Furniture Co.,Ltd (SHSE:603008) announces an Equity Buyback for CNY 200 million worth of its shares. Xilinmen Furniture Co.,Ltd (SHSE:603008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 22 per share. The purpose of the program is to reduce registered capital. The program will be funded from company's own funds. The program is subject to approval from shareholders in the Extraordinary General Meeting. The program will be valid for 12 months from the shareholders' approval. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.45 (vs CN¥0.41 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.45. Revenue: CN¥2.20b (down 6.0% from 2Q 2023). Net income: CN¥159.6m (flat on 2Q 2023). Profit margin: 7.3% (up from 6.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in China. Announcement • Jun 28
Xilinmen Furniture Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Xilinmen Furniture Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Price Target Changed • Jun 20
Price target decreased by 11% to CN¥23.54 Down from CN¥26.35, the current price target is an average from 2 analysts. New target price is 32% above last closing price of CN¥17.81. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥1.47 for next year compared to CN¥1.11 last year. Reported Earnings • Apr 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥1.11 (up from CN¥0.62 in FY 2022). Revenue: CN¥8.68b (up 11% from FY 2022). Net income: CN¥428.9m (up 81% from FY 2022). Profit margin: 4.9% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Announcement • Apr 27
Xilinmen Furniture Co.,Ltd, Annual General Meeting, May 23, 2024 Xilinmen Furniture Co.,Ltd, Annual General Meeting, May 23, 2024, at 14:00 China Standard Time. Location: 4F, Tower B, No. 13-1, Sanjiang Road, Doumen Town, Shaoxing, Zhejiang China Announcement • Mar 29
Xilinmen Furniture Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Xilinmen Furniture Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Price Target Changed • Feb 02
Price target decreased by 7.5% to CN¥24.38 Down from CN¥26.35, the current price target is an average from 3 analysts. New target price is 72% above last closing price of CN¥14.19. Stock is down 55% over the past year. The company is forecast to post earnings per share of CN¥1.41 for next year compared to CN¥0.62 last year. Announcement • Dec 30
Xilinmen Furniture Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Xilinmen Furniture Co.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Price Target Changed • Oct 31
Price target decreased by 9.4% to CN¥26.82 Down from CN¥29.59, the current price target is an average from 3 analysts. New target price is 40% above last closing price of CN¥19.20. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥1.47 for next year compared to CN¥0.62 last year. Announcement • Sep 30
Xilinmen Furniture Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 Xilinmen Furniture Co.,Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Price Target Changed • Sep 05
Price target decreased by 9.8% to CN¥29.59 Down from CN¥32.81, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥22.80. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥1.48 for next year compared to CN¥0.62 last year. Major Estimate Revision • Aug 15
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥9.64b to CN¥8.98b. EPS estimate also fell from CN¥1.73 per share to CN¥1.52 per share. Net income forecast to grow 172% next year vs 31% growth forecast for Consumer Durables industry in China. Consensus price target down from CN¥32.81 to CN¥31.48. Share price fell 7.0% to CN¥23.33 over the past week. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CN¥0.41 (vs CN¥0.43 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.41 (down from CN¥0.43 in 2Q 2022). Revenue: CN¥2.34b (up 6.2% from 2Q 2022). Net income: CN¥160.6m (down 3.1% from 2Q 2022). Profit margin: 6.9% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Jun 28
Xilinmen Furniture Co.,Ltd to Report First Half, 2023 Results on Aug 09, 2023 Xilinmen Furniture Co.,Ltd announced that they will report first half, 2023 results on Aug 09, 2023 New Risk • Jun 28
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 6.9% 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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Announcement • May 24
Xilinmen Furniture Co.,Ltd (SHSE:603008) announces an Equity Buyback for CNY 120 million worth of its shares. Xilinmen Furniture Co.,Ltd (SHSE:603008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The program will be valid for 12 months. Major Estimate Revision • May 06
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥10.9b to CN¥9.86b. EPS estimate also fell from CN¥2.07 per share to CN¥1.77 per share. Net income forecast to grow 211% next year vs 29% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥31.51 unchanged from last update. Share price was steady at CN¥25.03 over the past week. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.62 (vs CN¥1.45 in FY 2021) Full year 2022 results: EPS: CN¥0.62 (down from CN¥1.45 in FY 2021). Revenue: CN¥7.84b (flat on FY 2021). Net income: CN¥237.5m (down 57% from FY 2021). Profit margin: 3.0% (down from 7.2% in FY 2021). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target decreased to CN¥30.93 Down from CN¥33.73, the current price target is an average from 3 analysts. New target price is 12% above last closing price of CN¥27.69. Stock is down 2.5% over the past year. The company is forecast to post earnings per share of CN¥1.67 for next year compared to CN¥1.45 last year. Board Change • Nov 16
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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Hao Wang was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.40 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.40 in 3Q 2021). Revenue: CN¥2.14b (up 10% from 3Q 2021). Net income: CN¥169.4m (up 8.5% from 3Q 2021). Profit margin: 7.9% (down from 8.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥24.35, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Durables industry in China. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥34.31, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 209% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.34 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.34 in 2Q 2021). Revenue: CN¥2.20b (up 19% from 2Q 2021). Net income: CN¥165.7m (up 25% from 2Q 2021). Profit margin: 7.5% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 15% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥33.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 213% over the past three years. Price Target Changed • Apr 27
Price target decreased to CN¥37.34 Down from CN¥43.44, the current price target is an average from 6 analysts. New target price is 69% above last closing price of CN¥22.10. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥1.45 last year. Board Change • Apr 27
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. 11 experienced directors. No highly experienced directors. Independent Director Hao Wang 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. Price Target Changed • Apr 21
Price target decreased to CN¥37.34 Down from CN¥43.44, the current price target is an average from 6 analysts. New target price is 42% above last closing price of CN¥26.32. Stock is up 0.2% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥1.45 last year. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥31.91, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 197% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.08 per share. Board Change • Feb 02
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. 11 experienced directors. No highly experienced directors. Independent Director Hao Wang 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. Price Target Changed • Dec 10
Price target increased to CN¥35.42 Up from CN¥30.65, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥34.35. Stock is up 99% over the past year. The company is forecast to post earnings per share of CN¥1.37 for next year compared to CN¥0.80 last year. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥31.23, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Consumer Durables industry in China. Total returns to shareholders of 208% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.51 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.35 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥1.94b (up 31% from 3Q 2020). Net income: CN¥156.1m (up 13% from 3Q 2020). Profit margin: 8.1% (down from 9.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Sep 02
Xilinmen Furniture Co.,Ltd (SHSE:603008) announces an Equity Buyback for CNY 200 million worth of its shares. Xilinmen Furniture Co.,Ltd (SHSE:603008) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 40.77 per share. The shares repurchased will be used for equity incentive plan. The program will be valid for 12 months. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.25 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.86b (up 48% from 2Q 2020). Net income: CN¥133.1m (up 38% from 2Q 2020). Profit margin: 7.2% (down from 7.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 08
Price target increased to CN¥36.71 Up from CN¥31.97, the current price target is an average from 4 analysts. New target price is 26% above last closing price of CN¥29.05. Stock is up 152% over the past year. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥30.79, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Consumer Durables industry in China. Total returns to shareholders of 63% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.14 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.25b (up 73% from 1Q 2020). Net income: CN¥84.5m (up CN¥138.8m from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS CN¥0.80 (vs CN¥0.98 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥5.62b (up 15% from FY 2019). Net income: CN¥313.4m (down 18% from FY 2019). Profit margin: 5.6% (down from 7.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 4.1%, compared to a 39% growth forecast for the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥24.71, the stock is trading at a trailing P/E ratio of 35x, up from the previous P/E ratio of 29.9x. This compares to an average P/E of 30x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 52%. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥22.49 The company is up 27% from its price of CN¥17.75 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables 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¥0.91 per share. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥21.58, the stock is trading at a trailing P/E ratio of 30.5x, up from the previous P/E ratio of 24.9x. This compares to an average P/E of 31x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 31%. Is New 90 Day High Low • Feb 02
New 90-day high: CN¥20.12 The company is up 33% from its price of CN¥15.12 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.87 per share. Announcement • Jan 28
Shaoxing Lanyue Film and Television Partnership Enterprise (Limited Partnership) completed the acquisition of 60% stake in Zhejiang Shengxi Huashi Culture Media Co., Ltd. from Xilinmen Furniture Co.,Ltd (SHSE:603008). Shaoxing Lanyue Film and Television Partnership Enterprise (Limited Partnership) signed a Share Transfer Agreement to acquire 60% stake in Zhejiang Shengxi Huashi Cultural Media Co., Ltd from Xilinmen Furniture Co.,Ltd (SHSE:603008) for CNY 360 million on December 29, 2020. Under the terms of transaction, Shaoxing Lanyue Film and Television Partnership will pay 20% of consideration before December 31, 2020, 30% of consideration before February 28, 2021, 25% of consideration before February 28, 2022 and the last remaining 25% of consideration shall be paid before February 28, 2023.
As of September 30, 2020, in Zhejiang Shengxi Huashi Cultural Media had total assets and net assets as CNY 1.03 billion and CNY 275.3 million respectively. For year ended December 31, 2019, the revenue and net loss of Zhejiang Shengxi Huashi Cultural Media was CNY 124 million and CNY 62 million respectively. Transaction is subject to the shareholders’ approval. Transaction has been approved in 13th Meeting of the Xilinmen Furniture Co., Ltd held on December 29, 2020. As per shareholder meeting held on January 14, 2021, Xilinmen Furniture Co.,Ltd's shareholders approved the transaction. Lu Chonghua, Yu Ye of Zhejiang Tiance Law Firm acted as legal advisors for Zhejiang Shengxi Huashi Culture Media Co., Ltd.
Shaoxing Lanyue Film and Television Partnership Enterprise (Limited Partnership) completed the acquisition of 60% stake in Zhejiang Shengxi Huashi Culture Media Co., Ltd. from Xilinmen Furniture Co.,Ltd (SHSE:603008) on January 26, 2021. According to agreement, Shaoxing Lanyue Film and Television Partnership Enterprise shall pay the first phase of transfer price of CNY 72 million on December 31, 2020, which is 20% of the total amount of the transfer price. The payment has been received. The business type of Zhejiang Shengxi Huashi Culture Media changed from Limited liability company (wholly owned by a legal person that is not invested or controlled by a natural person) to other limited liability companies. Post completion, Shaoxing Lanyue Film and Television Partnership Enterprise holds 60% stake and Xilinmen Furniture Co.,Ltd holds 40% stake in Zhejiang Shengxi Huashi Culture Media. Is New 90 Day High Low • Dec 30
New 90-day high: CN¥19.76 The company is up 56% from its price of CN¥12.70 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.95 per share. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 18% share price gain to CN¥18.89, the stock is trading at a trailing P/E ratio of 26.7x, up from the previous P/E ratio of 22.6x. This compares to an average P/E of 35x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 9.4%. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥15.58 The company is up 23% from its price of CN¥12.63 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.78 per share. Is New 90 Day High Low • Oct 21
New 90-day high: CN¥14.18 The company is up 20% from its price of CN¥11.85 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables 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¥0.82 per share. Price Target Changed • Oct 21
Price target raised to CN¥15.90 Up from CN¥14.03, the current price target is an average from 3 analysts. The new target price is 12% above the current share price of CN¥14.18. As of last close, the stock is up 2.8% over the past year. Announcement • Oct 16
Xilinmen Furniture Co.,Ltd to Report Q3, 2020 Results on Oct 20, 2020 Xilinmen Furniture Co.,Ltd announced that they will report Q3, 2020 results on Oct 20, 2020