Announcement • Jun 30
Hailun Piano Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Hailun Piano Co.,Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Jianfei Cao was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Hailun Piano Co.,Ltd., Annual General Meeting, May 15, 2026 Hailun Piano Co.,Ltd., Annual General Meeting, May 15, 2026, at 13:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Announcement • Mar 31
Hailun Piano Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Hailun Piano Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Mar 24
Hailun Piano Co.,Ltd. announced that it expects to receive CNY 199.999989 million in funding Hailun Piano Co.,Ltd. entered into a Share Subscription Agreement with Cui Yongqing for a private placement to issue 17,452,006 A shares at an issue price of CNY 11.46 for the proceeds of CNY 199,999,988.76 on March 23, 2026. Transaction is approved by board of directors at Sixth Board of Directors at its Seventeenth Meeting and is still subject to approval of shareholders, stock exchange and regulatory authority. After the completion of this private placement of shares, the shares subscribed by the subscribers shall not be transferred within 18 months from the date of completion of the issuance. Following this private placement of shares, based on the maximum number of shares to be issued, the actual controller, Cui Yongqing, is expected to directly hold 17,452,006 shares, representing 6.46% of the company's total share capital after the issuance. Announcement • Jan 20
Hailun Piano Co.,Ltd. Approves Board Appointments, Effective 16 January 2026 Hailun Piano Co.,Ltd. at its Extraordinary General Meeting of 2026 held on 16 January 2026, approved election of Cui Yongqing, Cao Jianfei, Zhu Meng and Xu Mingda as non-independent directors and election of Lu Lin as independent director. Announcement • Dec 31
Hailun Piano Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Hailun Piano Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Sep 30
Hailun Piano Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hailun Piano Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Hailun Piano Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Hailun Piano Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 18
Hailun Piano Co.,Ltd., Annual General Meeting, May 13, 2025 Hailun Piano Co.,Ltd., Annual General Meeting, May 13, 2025, at 13:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Announcement • Mar 31
Hailun Piano Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Hailun Piano Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Jan 02
Hailun Piano Co.,Ltd. Approves Cash Dividend for the Third Quarter of 2024 Hailun Piano Co.,Ltd. at its EGM held on December 30, 2024 approved cash dividend of CNY 0.32 per 10 shares for the third quarter of 2024. Announcement • Dec 31
Hailun Piano Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Hailun Piano Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.011 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.011 (in line with 3Q 2023). Revenue: CN¥36.4m (down 51% from 3Q 2023). Net income: CN¥2.86m (flat on 3Q 2023). Profit margin: 7.9% (up from 3.8% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 22% per year. Announcement • Sep 30
Hailun Piano Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Hailun Piano Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.054 loss per share (vs CN¥0.001 loss in 2Q 2023) Second quarter 2024 results: CN¥0.054 loss per share (further deteriorated from CN¥0.001 loss in 2Q 2023). Revenue: CN¥37.6m (down 52% from 2Q 2023). Net loss: CN¥13.7m (loss widened CN¥13.5m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. New Risk • Jul 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 51% per year over the past 5 years. Announcement • Jun 29
Hailun Piano Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Hailun Piano Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.015 loss per share (vs CN¥0.014 profit in 1Q 2023) First quarter 2024 results: CN¥0.015 loss per share (down from CN¥0.014 profit in 1Q 2023). Revenue: CN¥46.2m (down 39% from 1Q 2023). Net loss: CN¥3.80m (down 210% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
Hailun Piano Co.,Ltd., Annual General Meeting, May 21, 2024 Hailun Piano Co.,Ltd., Annual General Meeting, May 21, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China New Risk • Apr 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Mar 30
Hailun Piano Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Hailun Piano Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Feb 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 7.8% 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 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Announcement • Dec 30
Hailun Piano Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Hailun Piano Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.008 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.011 (up from CN¥0.008 in 3Q 2022). Revenue: CN¥74.8m (down 29% from 3Q 2022). Net income: CN¥2.84m (up 46% from 3Q 2022). Profit margin: 3.8% (up from 1.9% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% 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 • Sep 30
Hailun Piano Co.,Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Hailun Piano Co.,Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Board Change • Sep 19
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. 2 experienced directors. 7 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Wei Liang Wang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 16
Hailun Piano Co.,Ltd. Announces Directorate Appointments Hailun Piano Co.,Ltd. at its Extraordinary General Meeting of 2022 held on 14 September 2023, approved Election and nomination of Yang Yifu and Wang Xiwei as independent directors. Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.001 loss per share (vs CN¥0.001 loss in 2Q 2022) Second quarter 2023 results: CN¥0.001 loss per share (in line with 2Q 2022). Revenue: CN¥78.4m (down 14% from 2Q 2022). Net loss: CN¥213.2k (loss widened 24% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.02 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.014 (down from CN¥0.02 in 1Q 2022). Revenue: CN¥75.6m (down 22% from 1Q 2022). Net income: CN¥3.45m (down 45% from 1Q 2022). Profit margin: 4.6% (down from 6.5% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.008 (vs CN¥0.047 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.008 (down from CN¥0.047 in 3Q 2021). Revenue: CN¥105.0m (down 22% from 3Q 2021). Net income: CN¥1.94m (down 84% from 3Q 2021). Profit margin: 1.9% (down from 8.8% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.048 profit in 2Q 2021) Second quarter 2022 results: CN¥0.001 loss per share (down from CN¥0.048 profit in 2Q 2021). Revenue: CN¥91.1m (down 25% from 2Q 2021). Net loss: CN¥172.0k (down 101% from profit in 2Q 2021). 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. Reported Earnings • Apr 27
Full year 2021 earnings released: CN¥0.31 loss per share (vs CN¥0.13 profit in FY 2020) Full year 2021 results: CN¥0.31 loss per share (down from CN¥0.13 profit in FY 2020). Revenue: CN¥521.8m (up 9.7% from FY 2020). Net loss: CN¥79.6m (down 350% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 05
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CN¥0.32 loss per share (down from CN¥0.13 profit in FY 2020). Revenue: CN¥521.8m (up 9.7% from FY 2020). Net loss: CN¥80.9m (down 354% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥8.47, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 38x in the Leisure industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.047 (vs CN¥0.046 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥135.0m (down 5.5% from 3Q 2020). Net income: CN¥11.9m (up 2.9% from 3Q 2020). Profit margin: 8.8% (up from 8.1% in 3Q 2020). The increase in margin was driven by lower expenses. 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 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.31, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 41x in the Leisure industry in China. Total returns to shareholders of 57% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.048 (vs CN¥0.022 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥121.7m (up 11% from 2Q 2020). Net income: CN¥11.5m (up 83% from 2Q 2020). Profit margin: 9.5% (up from 5.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥11.07, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 39x in the Leisure industry in China. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥8.20, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 32x in the Leisure industry in China. Total loss to shareholders of 2.6% over the past three years. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.13 (vs CN¥0.21 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥475.6m (down 14% from FY 2019). Net income: CN¥31.8m (down 39% from FY 2019). Profit margin: 6.7% (down from 9.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥6.16 The company is down 34% from its price of CN¥9.31 on 04 November 2020. The Chinese market is up 7.0% 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 • Jan 06
New 90-day low: CN¥6.91 The company is down 10.0% from its price of CN¥7.64 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 Leisure industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥7.32 The company is down 17% from its price of CN¥8.77 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 7.0% over the same period. Valuation Update With 7 Day Price Move • Nov 19
Market pulls back on stock over the past week After last week's 20% share price decline to CN¥8.35, the stock is trading at a trailing P/E ratio of 62.2x, down from the previous P/E ratio of 77.5x. This compares to an average P/E of 39x in the Leisure industry in China. Total return to shareholders over the past three years is a loss of 8.4%. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥9.38 The company is up 21% from its price of CN¥7.75 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 Leisure industry, which is up 1.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥33.4m, down 36% from the prior year. Total revenue was CN¥475.2m over the last 12 months, down 12% from the prior year.