Announcement • May 21
Shifeng Cultural Development Co., Ltd. announced a financing transaction Shifeng Cultural Development Co., Ltd. announced a private placement to issue shares on May 19, 2026. The company has received approval from the shareholders in annual shareholder's meeting of 2025. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.04 (vs CN¥0.013 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.04 (up from CN¥0.013 in 1Q 2025). Revenue: CN¥102.1m (up 26% from 1Q 2025). Net income: CN¥6.68m (up 201% from 1Q 2025). Profit margin: 6.5% (up from 2.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Apr 25
Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 19, 2026 Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China Announcement • Mar 31
Shifeng Cultural Development Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shifeng Cultural Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Shifeng Cultural Development Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Shifeng Cultural Development Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Dec 12
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥79m free cash flow). Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 4.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥79m free cash flow). Earnings have declined by 4.5% per year over the past 5 years. New Risk • Oct 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥79m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.38 loss per share (vs CN¥0.012 profit in 3Q 2024) Third quarter 2025 results: CN¥0.38 loss per share (down from CN¥0.012 profit in 3Q 2024). Revenue: CN¥138.3m (down 11% from 3Q 2024). Net loss: CN¥63.0m (down CN¥65.0m from profit in 3Q 2024). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Shifeng Cultural Development Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shifeng Cultural Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.012 (vs CN¥0.01 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.012 (up from CN¥0.01 loss in 2Q 2024). Revenue: CN¥109.0m (up 22% from 2Q 2024). Net income: CN¥1.95m (up CN¥3.66m from 2Q 2024). Profit margin: 1.8% (up from net loss in 2Q 2024). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Leisure 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 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 02
Shifeng Cultural Development Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Shifeng Cultural Development Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Apr 16
Shifeng Cultural Development Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Shifeng Cultural Development Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.30000000 for the year 2024. Reported Earnings • Apr 15
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: CN¥0.08 (up from CN¥0.54 loss in FY 2023). Revenue: CN¥436.7m (up 39% from FY 2023). Net income: CN¥9.52m (up CN¥73.6m from FY 2023). Profit margin: 2.2% (up from net loss in FY 2023). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Apr 14
Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 06, 2025 Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Announcement • Mar 31
Shifeng Cultural Development Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shifeng Cultural Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Shifeng Cultural Development Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shifeng Cultural Development Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 New Risk • Nov 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.017 (vs CN¥0.096 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.017 (up from CN¥0.096 loss in 3Q 2023). Revenue: CN¥154.6m (up 59% from 3Q 2023). Net income: CN¥2.05m (up CN¥13.4m from 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shifeng Cultural Development Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shifeng Cultural Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.014 loss per share (vs CN¥0.019 loss in 2Q 2023) Second quarter 2024 results: CN¥0.014 loss per share (improved from CN¥0.019 loss in 2Q 2023). Revenue: CN¥89.4m (up 27% from 2Q 2023). Net loss: CN¥1.71m (loss narrowed 25% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Shifeng Cultural Development Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shifeng Cultural Development Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Apr 30
Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 21, 2024 Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China Reported Earnings • Apr 29
Full year 2023 earnings released: CN¥0.54 loss per share (vs CN¥0.34 loss in FY 2022) Full year 2023 results: CN¥0.54 loss per share (further deteriorated from CN¥0.34 loss in FY 2022). Revenue: CN¥315.2m (down 4.1% from FY 2022). Net loss: CN¥64.1m (loss widened 58% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 30
Shifeng Cultural Development Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Shifeng Cultural Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Dec 29
Shifeng Cultural Development Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Shifeng Cultural Development Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.096 loss per share (vs CN¥0.026 profit in 3Q 2022) Third quarter 2023 results: CN¥0.096 loss per share (down from CN¥0.026 profit in 3Q 2022). Revenue: CN¥97.5m (down 15% from 3Q 2022). Net loss: CN¥11.3m (down 468% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Oct 19
Shifeng Cultural Development Co., Ltd. Announces Executive Appointments Shifeng Cultural Development Co., Ltd. at the Extraordinary General Meeting of 2023 on 17 October 2023 approved election of independent directors, cumulative voting system applicable: Yao Jianxi; Election of shareholder supervisors, cumulative voting system applicable: Chen Shaoyang and Hou Ancheng. Announcement • Sep 30
Shifeng Cultural Development Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Shifeng Cultural Development Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.019 loss per share (vs CN¥0.013 profit in 2Q 2022) Second quarter 2023 results: CN¥0.019 loss per share (down from CN¥0.013 profit in 2Q 2022). Revenue: CN¥70.5m (down 23% from 2Q 2022). Net loss: CN¥2.29m (down 252% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Board Change • Aug 04
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Supervisor Mengxi Hong is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 06
Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 22, 2023 Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 22, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 annual report and its summary; to consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider 2022 special report on the deposit and use of raised funds; to consider 2023 entrusted wealth management with idle proprietary funds; to consider 2023 application for credit line and loans to banks by the Company and its subsidiaries; to consider 2023 estimated guarantee quota for the credit financing to banks applied for by the Company and its subsidiaries; and to consider other matters. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.025 (vs CN¥0.016 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.025 (up from CN¥0.016 in 1Q 2022). Revenue: CN¥53.6m (down 27% from 1Q 2022). Net income: CN¥3.00m (up 56% from 1Q 2022). Profit margin: 5.6% (up from 2.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Supervisor Mengxi Hong is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.016 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.026 (up from CN¥0.016 in 3Q 2021). Revenue: CN¥114.8m (up 2.5% from 3Q 2021). Net income: CN¥3.09m (up 57% from 3Q 2021). Profit margin: 2.7% (up from 1.7% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.013 (vs CN¥0.016 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.013 (down from CN¥0.016 in 2Q 2021). Revenue: CN¥91.8m (up 2.4% from 2Q 2021). Net income: CN¥1.50m (down 24% from 2Q 2021). Profit margin: 1.6% (down from 2.2% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 07
Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 24, 2022 Shifeng Cultural Development Co., Ltd., Annual General Meeting, May 24, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider 2022 remuneration plan for supervisors; and to consider other matters. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.02 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.016 (down from CN¥0.02 in 1Q 2021). Revenue: CN¥73.6m (down 16% from 1Q 2021). Net income: CN¥1.93m (down 15% from 1Q 2021). Profit margin: 2.6% (in line with 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Supervisor Mengxi Hong is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.016 (vs CN¥0.03 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥112.1m (up 15% from 3Q 2020). Net income: CN¥1.96m (up CN¥5.55m from 3Q 2020). Profit margin: 1.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.016 (vs CN¥0.089 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥89.6m (up 47% from 2Q 2020). Net income: CN¥1.99m (up CN¥13.1m from 2Q 2020). Profit margin: 2.2% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • May 25
Shifeng Cultural Development Co., Ltd. Omits Dividend Payment for the Year 2020 Shifeng Cultural Development Co., Ltd. at its AGM held on May 21, 2021 omitted the payment of dividend for the year 2020. Reported Earnings • May 01
Full year 2020 earnings released: CN¥0.34 loss per share (vs CN¥0.067 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥251.1m (down 35% from FY 2019). Net loss: CN¥41.0m (down CN¥49.3m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥8.38 The company is down 59% from its price of CN¥20.48 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥10.38 The company is down 50% from its price of CN¥20.70 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 4.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day low: CN¥19.95 The company is down 15% from its price of CN¥23.43 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 5.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥31.2m, with earnings decreasing by CN¥57.1m from the prior year. Total revenue was CN¥279.9m over the last 12 months, down 30% from the prior year. Announcement • Oct 27
Shifeng Cultural Development Co., Ltd. Announces Board Appointments Shifeng Cultural Development Co., Ltd. at the EGM held on Extraordinary General Meeting on 23 October 2020, elected Xue Li and Wu Hong as non-independent directors. The company elected Huang Yipeng, Jin Peng and
Zhong Ke as independent directors. The company elected Hong Mengxi as shareholder supervisors. Announcement • Sep 19
Lan Nina completed the acquisition of 5% stake in Shifeng Cultural Development Co., Ltd. (SZSE:002862) from Cai Junquan. Lan Nina entered into an agreement to acquire 5% stake in Shifeng Cultural Development Co., Ltd. (SZSE:002862) from Cai Junquan for approximately CNY 120 million on August 18, 2020. Under the terms, Lan Nina will acquire 6 million shares (representing 5% stake) of Shifeng Cultural Development at an offer price of CNY 19.25 per share. The consideration will be paid in tranches. Post completion, Cai Junquan will hold 33.14% stake in Shifeng Cultural Development.
Lan Nina completed the acquisition of 5% stake in Shifeng Cultural Development Co., Ltd. (SZSE:002862) from Cai Junquan on September 15, 2020. Announcement • Aug 10
Shifeng Cultural Development Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Shifeng Cultural Development Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020