Announcement • Jun 30
Xiamen Comfort Science&Technology Group Co., Ltd to Report First Half, 2026 Results on Aug 29, 2026 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • May 23
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (500% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 456% to bring the payout ratio under control. EPS is expected to grow by 468% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 29
Xiamen Comfort Science&Technology Group Co., Ltd, Annual General Meeting, May 19, 2026 Xiamen Comfort Science&Technology Group Co., Ltd, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Announcement • Mar 31
Xiamen Comfort Science&Technology Group Co., Ltd to Report Q1, 2026 Results on Apr 29, 2026 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Xiamen Comfort Science&Technology Group Co., Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Announcement • Sep 30
Xiamen Comfort Science&Technology Group Co., Ltd to Report Q3, 2025 Results on Oct 30, 2025 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Xiamen Comfort Science&Technology Group Co., Ltd to Report First Half, 2025 Results on Aug 28, 2025 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 29
Xiamen Comfort Science&Technology Group Co., Ltd, Annual General Meeting, May 20, 2025 Xiamen Comfort Science&Technology Group Co., Ltd, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Announcement • Mar 31
Xiamen Comfort Science&Technology Group Co., Ltd to Report Q1, 2025 Results on Apr 29, 2025 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Xiamen Comfort Science&Technology Group Co., Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Nov 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 309% Cash payout ratio: 134% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.038 (vs CN¥0.076 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.038 (down from CN¥0.076 in 3Q 2023). Revenue: CN¥1.23b (down 13% from 3Q 2023). Net income: CN¥27.3m (down 48% from 3Q 2023). Profit margin: 2.2% (down from 3.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Leisure industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥6.55, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Leisure industry in China. Total loss to shareholders of 45% over the past three years. Announcement • Sep 30
Xiamen Comfort Science&Technology Group Co., Ltd to Report Q3, 2024 Results on Oct 30, 2024 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 10
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: 1.7% Last year net profit margin: 2.5% 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 earnings (214% payout ratio). Profit margins are more than 30% lower than last year (1.7% net profit margin). Announcement • Jun 29
Xiamen Comfort Science&Technology Group Co., Ltd to Report First Half, 2024 Results on Aug 30, 2024 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • May 25
Dividend of CN¥0.30 announced Dividend of CN¥0.30 is the same as last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (193% earnings payout ratio). However, it is well covered by cash flows (48% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 114% to bring the payout ratio under control. EPS is expected to grow by 153% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 25
Xiamen Comfort Science&Technology Group Co., Ltd Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 29 May 2024 Xiamen Comfort Science&Technology Group Co. Ltd. announced final cash dividend of CNY 3.00 per 10 shares (tax included) on A shares for the year 2023. Record date is 28 May 2024, Ex-date is 29 May 2024 and Payment Date is 29 May 2024. Announcement • Apr 29
Xiamen Comfort Science&Technology Group Co., Ltd, Annual General Meeting, May 20, 2024 Xiamen Comfort Science&Technology Group Co., Ltd, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.03 in 1Q 2023). Revenue: CN¥1.05b (down 11% from 1Q 2023). Net income: CN¥5.00m (down 74% from 1Q 2023). Profit margin: 0.5% (down from 1.6% in 1Q 2023). Revenue is forecast to grow 12% 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, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. New Risk • Apr 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (151% payout ratio). Large one-off items impacting financial results. Announcement • Mar 30
Xiamen Comfort Science&Technology Group Co., Ltd to Report Q1, 2024 Results on Apr 27, 2024 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Jan 31
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 6.4% 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 (139% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.26, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Leisure industry in China. Total loss to shareholders of 46% over the past three years. Announcement • Dec 30
Xiamen Comfort Science&Technology Group Co., Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Xiamen Comfort Science&Technology Group Co., Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Announcement • Sep 07
Xiamen Comfort Science&Technology Group Co., Ltd Announces Board Appointments Xiamen Comfort Science&Technology Group Co. Ltd. announced that its 2nd Extraordinary General Meeting of 2023 on 04 September 2023, the shareholders elected Li Wuling and Guo Taohua as non-independent directors. Cao Yang and Wang Zhiqiang were elected as independent directors. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.041 (vs CN¥0.022 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.041 (up from CN¥0.022 loss in 2Q 2022). Revenue: CN¥1.16b (down 26% from 2Q 2022). Net income: CN¥23.0m (up CN¥37.4m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • May 24
Xiamen Comfort Science&Technology Group Co., Ltd Implements Final Dividend of A Shares for 2022, Payable on 29 May 2023 Xiamen Comfort Science&Technology Group Co. Ltd. implemented final cash dividend of CNY 3.00000000 per 10 A shares (tax included) for 2022. Record date is 26 May 2023. Ex-date is 29 May 2023. Payment date is 29 May 2023. Announcement • May 20
Xiamen Comfort Science&Technology Group Co. Ltd. Approves Cash Dividend for 2022 Xiamen Comfort Science&Technology Group Co. Ltd. at its AGM held on May 18, 2023 approved the profit distribution proposal for 2022 as follows: Cash dividend per ten shares (tax included): CNY 3.00000000. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.04 in 1Q 2022). Revenue: CN¥1.18b (down 25% from 1Q 2022). Net income: CN¥19.2m (down 31% from 1Q 2022). Profit margin: 1.6% (down from 1.7% in 1Q 2022). Revenue is forecast to grow 16% 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 fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥10.01, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Leisure industry in China. Total returns to shareholders of 2.2% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. Non-Independent Chairman of the Board of Directors & GM Jianhan Zou is the most experienced director on the board, commencing their role in 2010. 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 29
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.072 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.072 in 3Q 2021). Revenue: CN¥1.54b (down 18% from 3Q 2021). Net income: CN¥55.1m (up 22% from 3Q 2021). Profit margin: 3.6% (up from 2.4% in 3Q 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.65, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Leisure industry in China. Total loss to shareholders of 28% over the past three years. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.022 loss per share (vs CN¥0.25 profit in 2Q 2021) Second quarter 2022 results: CN¥0.022 loss per share (down from CN¥0.25 profit in 2Q 2021). Revenue: CN¥1.57b (down 16% from 2Q 2021). Net loss: CN¥14.3m (down 109% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 28% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.17 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.17 in 1Q 2021). Revenue: CN¥1.58b (down 24% from 1Q 2021). Net income: CN¥27.7m (down 74% from 1Q 2021). Profit margin: 1.7% (down from 5.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 39%, compared to a 30% growth forecast for the 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 fallen by 25% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. 2 highly experienced directors. Non-Independent Chairman of the Board of Directors & GM Jianhan Zou is the most experienced director on the board, commencing their role in 2014. 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 28
Third quarter 2021 earnings released: EPS CN¥0.072 (vs CN¥0.32 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.88b (down 4.1% from 3Q 2020). Net income: CN¥45.1m (down 75% from 3Q 2020). Profit margin: 2.4% (down from 9.1% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.33 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.87b (up 5.9% from 2Q 2020). Net income: CN¥160.7m (down 11% from 2Q 2020). Profit margin: 8.6% (down from 10% 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 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥22.16, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Leisure industry in China. Total returns to shareholders of 11% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.056 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¥2.07b (up 103% from 1Q 2020). Net income: CN¥105.7m (up CN¥136.9m from 1Q 2020). Profit margin: 5.1% (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 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.79 (vs CN¥0.52 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.05b (up 34% from FY 2019). Net income: CN¥450.5m (up 56% from FY 2019). Profit margin: 6.4% (up from 5.5% in FY 2019). The increase in margin was driven by higher revenue. 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 8% per year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥15.83, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Leisure industry in China. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.42 per share. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥13.09, the stock is trading at a trailing P/E ratio of 17.3x, down from the previous P/E ratio of 20.4x. This compares to an average P/E of 27x in the Leisure industry in China. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Feb 02
New 90-day high: CN¥15.45 The company is up 2.0% from its price of CN¥15.18 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.82 per share. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥14.70, the stock is trading at a trailing P/E ratio of 19.8x, up from the previous P/E ratio of 16.5x. This compares to an average P/E of 28x in the Leisure industry in China. Total return to shareholders over the past three years is a loss of 25%. Is New 90 Day High Low • Jan 08
New 90-day low: CN¥12.28 The company is down 28% from its price of CN¥16.96 on 09 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.80 per share. Is New 90 Day High Low • Dec 01
New 90-day low: CN¥13.67 The company is down 27% from its price of CN¥18.84 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥24.68 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥409.9m, up 22% from the prior year. Total revenue was CN¥6.21b over the last 12 months, up 13% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 3.1% at CN¥1.96b. Revenue is forecast to grow 14% over the next year, compared to a 38% growth forecast for the Leisure industry in China. Valuation Update With 7 Day Price Move • Oct 19
Market pulls back on stock over the past week After last week's 18% share price decline to CN¥14.01, the stock is trading at a trailing P/E ratio of 23.3x, down from the previous P/E ratio of 28.4x. This compares to an average P/E of 42x in the Leisure industry in China. Total return to shareholders over the past three years is a loss of 23%.