Announcement • Jun 30
Bxn Holding Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Bxn Holding Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Declared Dividend • May 23
Dividend of CN¥0.17 announced Shareholders will receive a dividend of CN¥0.17. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.16 (up from CN¥0.12 in 1Q 2025). Revenue: CN¥1.44b (up 11% from 1Q 2025). Net income: CN¥236.9m (up 39% from 1Q 2025). Profit margin: 17% (up from 13% in 1Q 2025). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. Announcement • Apr 25
Baoxiniao Holding Co., Ltd., Annual General Meeting, May 19, 2026 Baoxiniao Holding Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yongjia County, Zhejiang China Announcement • Mar 31
Baoxiniao Holding Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Baoxiniao Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Baoxiniao Holding Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Baoxiniao Holding Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.025 (vs CN¥0.045 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.025 (down from CN¥0.045 in 3Q 2024). Revenue: CN¥1.09b (up 3.1% from 3Q 2024). Net income: CN¥38.7m (down 46% from 3Q 2024). Profit margin: 3.6% (down from 6.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 10% 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
Baoxiniao Holding Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Baoxiniao Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥4.68, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.18 per share. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥5.47b to CN¥5.33b. EPS estimate also fell from CN¥0.367 per share to CN¥0.322 per share. Net income forecast to grow 45% next year vs 21% growth forecast for Luxury industry in China. Consensus price target down from CN¥4.87 to CN¥4.42. Share price was steady at CN¥3.87 over the past week. Price Target Changed • Aug 21
Price target decreased by 9.2% to CN¥4.42 Down from CN¥4.87, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CN¥3.89. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.34 last year. Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.067 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.019 (down from CN¥0.067 in 2Q 2024). Revenue: CN¥1.09b (down 3.5% from 2Q 2024). Net income: CN¥26.8m (down 71% from 2Q 2024). Profit margin: 2.5% (down from 8.3% in 2Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jul 02
Baoxiniao Holding Co., Ltd. to Report First Half, 2025 Results on Aug 16, 2025 Baoxiniao Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 Declared Dividend • May 23
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not adequately covered by cash flows (96% 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 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
Baoxiniao Holding Co., Ltd. Approves Cash Dividend for 2024 Baoxiniao Holding Co., Ltd. at its AGM held on May 16, 2025 approved Cash dividend (tax included): CNY 0.50000000 per ten shares for 2024. New Risk • May 05
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: 8.1% Last year net profit margin: 13% 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: Minor Risks Dividend is not well covered by cash flows (96% cash payout ratio). Profit margins are more than 30% lower than last year (8.1% net profit margin). Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥5.67b to CN¥5.40b. EPS estimate also fell from CN¥0.465 per share to CN¥0.37 per share. Net income forecast to grow 8.2% next year vs 22% growth forecast for Luxury industry in China. Consensus price target of CN¥5.00 unchanged from last update. Share price was steady at CN¥3.86 over the past week. Announcement • Apr 22
Baoxiniao Holding Co., Ltd. Proposes Final Cash Dividend for 2024 Baoxiniao Holding Co., Ltd. announced on 21 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 0.50000000. Announcement • Apr 20
Baoxiniao Holding Co., Ltd., Annual General Meeting, May 16, 2025 Baoxiniao Holding Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yongjia County, Zhejiang China Reported Earnings • Apr 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.34 (down from CN¥0.48 in FY 2023). Revenue: CN¥5.15b (down 1.9% from FY 2023). Net income: CN¥495.0m (down 29% from FY 2023). Profit margin: 9.6% (down from 13% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Baoxiniao Holding Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Baoxiniao Holding Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Mar 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to CN¥4.19. The fair value is estimated to be CN¥5.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Buy Or Sell Opportunity • Feb 25
Now 21% undervalued Over the last 90 days, the stock has risen 1.7% to CN¥4.14. The fair value is estimated to be CN¥5.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. New Risk • Feb 21
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 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 (8.2% average weekly change). Buy Or Sell Opportunity • Feb 07
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to CN¥4.35. The fair value is estimated to be CN¥5.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Announcement • Dec 31
Baoxiniao Holding Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 Baoxiniao Holding Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Buy Or Sell Opportunity • Dec 31
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at CN¥4.41. The fair value is estimated to be CN¥5.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥4.62, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in China. Total returns to shareholders of 8.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.51 per share. Major Estimate Revision • Nov 09
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.41b to CN¥5.24b. EPS estimate also fell from CN¥0.456 per share to CN¥0.407 per share. Net income forecast to grow 23% next year vs 27% growth forecast for Luxury industry in China. Consensus price target down from CN¥6.44 to CN¥4.73. Share price rose 6.6% to CN¥4.21 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.045 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥1.06b (down 12% from 3Q 2023). Net income: CN¥71.3m (down 52% from 3Q 2023). Profit margin: 6.7% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Baoxiniao Holding Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Baoxiniao Holding Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥3.98, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Luxury industry in China. Total loss to shareholders of 3.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.01 per share. Announcement • Sep 06
Baoxiniao Holding Co., Ltd. Announces Interim Cash Dividend of the Year 2024 of A shares, Payable on 12 September 2024 Baoxiniao Holding Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 5.00000000 for year 2024 of A shares. Record date is 11 September 2024. Ex-date is 12 September 2024. Payment date is 12 September 2024. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.93b to CN¥5.51b. EPS estimate also fell from CN¥0.554 per share to CN¥0.474 per share. Net income forecast to grow 19% next year vs 30% growth forecast for Luxury industry in China. Consensus price target down from CN¥8.09 to CN¥6.44. Share price fell 13% to CN¥3.39 over the past week. Price Target Changed • Aug 20
Price target decreased by 11% to CN¥7.32 Down from CN¥8.24, the current price target is an average from 3 analysts. New target price is 107% above last closing price of CN¥3.53. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.48 last year. Announcement • Aug 20
Baoxiniao Holding Co., Ltd. Proposes Cash Dividend for the First Half of 2024 Baoxiniao Holding Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY0.70000000 for the first half of 2024. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.067 (vs CN¥0.10 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.067 (down from CN¥0.10 in 2Q 2023). Revenue: CN¥1.13b (down 4.5% from 2Q 2023). Net income: CN¥93.8m (down 38% from 2Q 2023). Profit margin: 8.3% (down from 13% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥4.54, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Luxury industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.66 per share. Announcement • Jun 29
Baoxiniao Holding Co., Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Baoxiniao Holding Co., Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Declared Dividend • May 11
Dividend of CN¥0.25 announced Shareholders will receive a dividend of CN¥0.25. Ex-date: 16th May 2024 Payment date: 16th May 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Baoxiniao Holding Co., Ltd. Implements Cash Dividend on A Shares for 2023, Payable on 16 May 2024 Baoxiniao Holding Co., Ltd. implemented cash dividend on A shares of CNY 2.50000000 for 2023. Record date: 15 May 2024. Ex-date: 16 May 2024. Payment date: 16 May 2024. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.18 in 1Q 2023). Revenue: CN¥1.35b (up 4.8% from 1Q 2023). Net income: CN¥250.2m (down 2.1% from 1Q 2023). Profit margin: 19% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in China. 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 10% per year. Buy Or Sell Opportunity • Apr 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to CN¥5.98. The fair value is estimated to be CN¥7.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Apr 14
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: CN¥0.48 (up from CN¥0.31 in FY 2022). Revenue: CN¥5.25b (up 22% from FY 2022). Net income: CN¥697.9m (up 52% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Baoxiniao Holding Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Baoxiniao Holding Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 29
Baoxiniao Holding Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024 Baoxiniao Holding Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024 New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 26
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.08 in 3Q 2022). Revenue: CN¥1.20b (up 15% from 3Q 2022). Net income: CN¥147.5m (up 23% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Baoxiniao Holding Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Baoxiniao Holding Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.04 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.04 in 2Q 2022). Revenue: CN¥1.18b (up 41% from 2Q 2022). Net income: CN¥152.0m (up 158% from 2Q 2022). Profit margin: 13% (up from 7.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 17
Price target increased by 7.2% to CN¥7.28 Up from CN¥6.79, the current price target is an average from 2 analysts. New target price is 17% above last closing price of CN¥6.23. Stock is up 55% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.31 last year. Price Target Changed • Jul 14
Price target increased by 8.5% to CN¥7.00 Up from CN¥6.45, the current price target is an average from 2 analysts. New target price is 9.9% above last closing price of CN¥6.37. Stock is up 61% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.31 last year. Announcement • Jul 01
Baoxiniao Holding Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Baoxiniao Holding Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Announcement • May 12
Baoxiniao Holding Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 17 May 2023 Baoxiniao Holding Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2022, payable on 17 May 2023. Record date is 16 May 2023. Ex-date is 17 May 2023. Price Target Changed • Apr 19
Price target increased by 12% to CN¥5.55 Up from CN¥4.95, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥5.37. Stock is up 36% over the past year. The company is forecast to post earnings per share of CN¥0.44 for next year compared to CN¥0.31 last year. Reported Earnings • Apr 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.31 (down from CN¥0.38 in FY 2021). Revenue: CN¥4.31b (down 3.1% from FY 2021). Net income: CN¥458.8m (down 1.2% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year. Buying Opportunity • Mar 14
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be CN¥6.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 40% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Haoran Li was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.082 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.08. Revenue: CN¥1.04b (up 4.5% from 3Q 2021). Net income: CN¥119.7m (up 14% from 3Q 2021). Profit margin: 12% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China. Announcement • Sep 18
Baoxiniao Holding Co., Ltd. Announces Interim Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 23 September 2022 Baoxiniao Holding Co., Ltd. announced interim profit distribution plan to be implemented on A shares for the year 2022 as cash dividend per ten shares (tax included) of CNY 2.00000000, payable on 23 September 2022. Record date: 22 September 2022. Ex-date: 23 September 2022. Announcement • Sep 16
Baoxiniao Holding Co., Ltd. Approves Cash Dividend Baoxiniao Holding Co., Ltd. approved cash dividend of CNY 2.00000000 per 10 shares (tax included) at its 1st Extraordinary General Meeting of 2022 held on 14 September 2022. Announcement • Aug 23
Baoxiniao Holding Co., Ltd. Announces Distribution Proposal for the First Half of 2022 Baoxiniao Holding Co., Ltd. announced distribution proposal for the first half of 2022. For the first half, the company proposed dividend of CNY 2.000000 per 10 shares. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.069 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.069 in 2Q 2021). Revenue: CN¥838.3m (down 14% from 2Q 2021). Net income: CN¥59.0m (down 27% from 2Q 2021). Profit margin: 7.0% (down from 8.3% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 23%, compared to a 23% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Baoxiniao Holding Co., Ltd. Approves Final Profit Distribution Plan for A Shares, Payable on 19 May 2022 Baoxiniao Holding Co., Ltd. announced 2021 final profit distribution plan for A shares as Cash dividend/10 shares (tax included) of CNY 2.70000000. Record date is 18 May 2022, Ex-date is 19 May 2022 and Payment date is 19 May 2022. Announcement • May 13
Baoxiniao Holding Co., Ltd. Approves Cash Dividend for 2021 Baoxiniao Holding Co., Ltd. approved the cash dividend of CNY 2.70000000 per 10 shares (tax included) in Annual General Meeting of 2021 held on 10 May 2022. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.14. Revenue: CN¥1.16b (up 16% from 1Q 2021). Net income: CN¥205.8m (up 14% from 1Q 2021). Profit margin: 18% (in line with 1Q 2021). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 17%, compared to a 24% growth forecast for the industry in China. Price Target Changed • Apr 27
Price target decreased to CN¥4.71 Down from CN¥5.26, the current price target is an average from 2 analysts. New target price is 29% above last closing price of CN¥3.66. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.38 last year. 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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Peng Tao was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 18
Price target decreased to CN¥4.71 Down from CN¥5.26, the current price target is an average from 2 analysts. New target price is 22% above last closing price of CN¥3.87. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.38 last year. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.38 (up from CN¥0.30 in FY 2020). Revenue: CN¥4.45b (up 18% from FY 2020). Net income: CN¥464.4m (up 27% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 22%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Luxury industry in China. Total returns to shareholders of 94% over the past three years. Price Target Changed • Dec 03
Price target increased to CN¥6.60 Up from CN¥5.26, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CN¥5.32. Stock is up 47% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.30 last year. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥5.26, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 84% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.082 (vs CN¥0.10 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥997.7m (up 13% from 3Q 2020). Net income: CN¥105.1m (down 16% from 3Q 2020). Profit margin: 11% (down from 14% 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 62% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.05 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥980.1m (up 35% from 2Q 2020). Net income: CN¥81.0m (up 59% from 2Q 2020). Profit margin: 8.3% (up from 7.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 16
Consensus EPS estimates increase to CN¥0.46 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥4.38b to CN¥4.52b. EPS estimate increased from CN¥0.40 to CN¥0.46 per share. Net income forecast to grow 20% next year vs 23% growth forecast for Luxury industry in China. Consensus price target up from CN¥5.26 to CN¥7.33. Share price fell 9.7% to CN¥6.06 over the past week. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.68, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Luxury industry in China. Total returns to shareholders of 77% over the past three years. Announcement • May 25
Baoxiniao Holding Co., Ltd. Approves Cash Dividend for the Year 2020 Baoxiniao Holding Co., Ltd. at its annual general meeting held on May 21, 2021, approved cash dividend per ten shares (tax included) of CNY 0.60000000 for the year 2020. Announcement • May 12
Baoxiniao Holding Co., Ltd. announced that it expects to receive CNY 879.999999 million in funding Baoxiniao Holding Co., Ltd. (SZSE:002154) announced that it has entered into a subscription agreement of common share (A share) of 272,445,820 Shares at a price of CNY 3.23 per share for the gross proceeds of CNY 880 million on May 10, 2021. The transaction included participation from returning investor Mr. Wu Zhize and other investors. The company announced that the shares subscribed must not be transferred within 36 months after the issuance completion date. The transaction was approved by the 7th directorate at the 12th session of the company. The transaction is subject to approval from company’s shareholders’ meeting and CSRC. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥5.06, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Luxury industry in China. Total returns to shareholders of 67% over the past three years. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.30 (vs CN¥0.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.80b (up 16% from FY 2019). Net income: CN¥368.0m (up 75% from FY 2019). Profit margin: 9.7% (up from 6.4% 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 65% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥3.09 The company is down 6.0% from its price of CN¥3.27 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.55 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥287.5m, up 98% from the prior year. Total revenue was CN¥3.36b over the last 12 months, up 5.8% from the prior year. Announcement • Oct 20
Baoxiniao Holding Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Baoxiniao Holding Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Oct 16
New 90-day high: CN¥3.83 The company is up 20% from its price of CN¥3.20 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury 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¥3.05 per share.