Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.19 (up from CN¥0.18 in 1Q 2025). Revenue: CN¥125.4m (up 24% from 1Q 2025). Net income: CN¥18.2m (up 3.0% from 1Q 2025). Profit margin: 14% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 25
Qingdao Richen Food Co.,Ltd., Annual General Meeting, May 15, 2026 Qingdao Richen Food Co.,Ltd., Annual General Meeting, May 15, 2026, at 15:00 China Standard Time. Location: 2F, No. 20, Jifa Longshan Road, Jimo District, Qingdao, Shandong China New Risk • Apr 13
New major risk - Revenue and earnings growth Earnings have declined by 3.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.0% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 30
Qingdao Richen Food Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Qingdao Richen Food Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Feb 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥0.87 (up from CN¥0.65 in FY 2024). Revenue: CN¥468.3m (up 16% from FY 2024). Net income: CN¥84.2m (up 32% from FY 2024). Profit margin: 18% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Food 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 fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Dec 26
Qingdao Richen Food Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Qingdao Richen Food Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Board Change • Dec 09
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Shixing Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.26 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.26 in 3Q 2024). Revenue: CN¥140.3m (up 28% from 3Q 2024). Net income: CN¥29.1m (up 13% from 3Q 2024). Profit margin: 21% (down from 23% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Qingdao Richen Food Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Qingdao Richen Food Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.16 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.16 in 2Q 2024). Revenue: CN¥102.3m (up 6.8% from 2Q 2024). Net income: CN¥17.6m (up 11% from 2Q 2024). Profit margin: 17% (in line with 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Food 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 7% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Qingdao Richen Food Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Qingdao Richen Food Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Price Target Changed • May 29
Price target decreased by 12% to CN¥30.20 Down from CN¥34.23, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CN¥25.96. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.84 for next year compared to CN¥0.65 last year. Announcement • Apr 26
Qingdao Richen Food Co.,Ltd., Annual General Meeting, May 19, 2025 Qingdao Richen Food Co.,Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: 2F, No. 20, Jifa Longshan Road, Jimo District, Qingdao, Shandong China Announcement • Mar 28
Qingdao Richen Food Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Qingdao Richen Food Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Qingdao Richen Food Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Qingdao Richen Food Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.18 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.18 in 3Q 2023). Revenue: CN¥109.8m (up 6.5% from 3Q 2023). Net income: CN¥25.7m (up 45% from 3Q 2023). Profit margin: 23% (up from 17% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.48, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Food industry in China. Total loss to shareholders of 34% over the past three years. Announcement • Sep 30
Qingdao Richen Food Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Qingdao Richen Food Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥25.44, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Food industry in China. Total loss to shareholders of 39% over the past three years. Announcement • Jun 28
Qingdao Richen Food Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Qingdao Richen Food Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Major Estimate Revision • Apr 05
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¥480.3m to CN¥449.6m. EPS estimate also fell from CN¥0.848 per share to CN¥0.751 per share. Net income forecast to grow 31% next year vs 32% growth forecast for Food industry in China. Consensus price target of CN¥25.00 unchanged from last update. Share price rose 4.6% to CN¥21.83 over the past week. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.57 (up from CN¥0.52 in FY 2022). Revenue: CN¥359.5m (up 17% from FY 2022). Net income: CN¥56.4m (up 11% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Mar 30
Qingdao Richen Food Co.,Ltd., Annual General Meeting, Apr 19, 2024 Qingdao Richen Food Co.,Ltd., Annual General Meeting, Apr 19, 2024, at 14:00 China Standard Time. Location: 2F, No. 20, Jifa Longshan Road, Jimo District, Qingdao, Shandong China Announcement • Mar 29
Qingdao Richen Food Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Qingdao Richen Food Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.21, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Food industry in China. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.29 per share. Announcement • Feb 09
Qingdao Richen Food Co.,Ltd. (SHSE:603755) announces an Equity Buyback for CNY 60 million worth of its shares. Qingdao Richen Food Co.,Ltd. (SHSE:603755) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at no more than CNY 28 per share. The purpose of the program is to practice the "investor-oriented" development concept of listed companies, safeguard the interests of all shareholders of the company and enhance investors' recognition and investment confidence in the company's long-term value. The program will be funded from company's own funds. The plan will be valid for 3 months. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥15.74, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Food industry in China. Total loss to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.69 per share. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.98, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Food industry in China. Total loss to shareholders of 73% over the past three years. Announcement • Dec 29
Qingdao Richen Food Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Qingdao Richen Food Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 21
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.16 in 3Q 2022). Revenue: CN¥103.1m (up 17% from 3Q 2022). Net income: CN¥17.8m (up 12% from 3Q 2022). Profit margin: 17% (in line with 3Q 2022). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 02
First quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.13 in 1Q 2022). Revenue: CN¥80.0m (up 10% from 1Q 2022). Net income: CN¥10.7m (down 17% from 1Q 2022). Profit margin: 13% (down from 18% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 06
Price target increased by 7.5% to CN¥50.00 Up from CN¥46.50, the current price target is provided by 1 analyst. New target price is 23% above last closing price of CN¥40.64. Stock is up 32% over the past year. The company is forecast to post earnings per share of CN¥0.69 for next year compared to CN¥0.82 last year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥49.58, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 28x in the Food industry in China. Total returns to shareholders of 19% over the past three years. Major Estimate Revision • Nov 07
Consensus revenue estimates fall by 19% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥402.1m to CN¥324.8m. EPS estimate fell from CN¥0.89 to CN¥0.63 per share. Net income forecast to grow 52% next year vs 42% growth forecast for Food industry in China. Consensus price target down from CN¥46.50 to CN¥44.00. Share price rose 16% to CN¥38.83 over the past week. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥38.83, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 22x in the Food industry in China. Total loss to shareholders of 26% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥88.3m (down 6.9% from 3Q 2021). Net income: CN¥15.9m (down 30% from 3Q 2021). Profit margin: 18% (down from 24% in 3Q 2021). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 16% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥36.13, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 22x in the Food industry in China. Total loss to shareholders of 18% over the past three years. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.19 in 2Q 2021). Revenue: CN¥70.3m (down 7.2% from 2Q 2021). Net income: CN¥12.0m (down 38% from 2Q 2021). Profit margin: 17% (down from 26% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 44%, compared to a 23% growth forecast for the Food industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥41.60, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 26x in the Food industry in China. Total loss to shareholders of 34% over the past year. Price Target Changed • May 09
Price target decreased to CN¥52.25 Down from CN¥57.90, the current price target is an average from 4 analysts. New target price is 50% above last closing price of CN¥34.75. Stock is down 48% over the past year. The company is forecast to post earnings per share of CN¥0.91 for next year compared to CN¥0.82 last year. Major Estimate Revision • May 03
Consensus revenue estimates fall by 15% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥466.0m to CN¥398.0m. EPS estimate fell from CN¥1.14 to CN¥0.88 per share. Net income forecast to grow 6.2% next year vs 37% growth forecast for Food industry in China. Consensus price target down from CN¥57.90 to CN¥55.40. Share price was steady at CN¥33.18 over the past week. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.15 in 1Q 2021). Revenue: CN¥74.6m (up 7.1% from 1Q 2021). Net income: CN¥13.6m (down 7.5% from 1Q 2021). Profit margin: 18% (down from 21% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Over the next year, revenue is forecast to grow 48%, compared to a 17% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥34.25, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Food industry in China. Total loss to shareholders of 48% over the past year. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.24 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¥94.8m (up 23% from 3Q 2020). Net income: CN¥22.6m (down 4.2% from 3Q 2020). Profit margin: 24% (down from 31% in 3Q 2020). The decrease in margin was driven by higher expenses. Price Target Changed • Sep 02
Price target decreased to CN¥90.80 Down from CN¥99.78, the current price target is an average from 4 analysts. New target price is 133% above last closing price of CN¥39.05. Stock is down 55% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.21 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¥75.8m (up 24% from 2Q 2020). Net income: CN¥19.3m (down 8.8% from 2Q 2020). Profit margin: 26% (down from 35% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥40.81, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 25x in the Food industry in China. Total loss to shareholders of 52% over the past year. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥48.28, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Food industry in China. Total loss to shareholders of 36% over the past year. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.15 in 1Q 2020) The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: CN¥69.6m (up 52% from 1Q 2020). Net income: CN¥14.7m (flat on 1Q 2020). Profit margin: 21% (down from 32% in 1Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥68.34, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 29x in the Food industry in China. Total returns to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥54.12, the stock is trading at a trailing P/E ratio of 59.8x, down from the previous P/E ratio of 71.9x. This compares to an average P/E of 36x in the Food industry in China. Total returns to shareholders over the past year are 13%. Is New 90 Day High Low • Mar 01
New 90-day low: CN¥59.24 The company is down 4.0% from its price of CN¥62.01 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.65 per share. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥70.17, the stock is trading at a trailing P/E ratio of 77.5x, down from the previous P/E ratio of 91.6x. This compares to an average P/E of 36x in the Food industry in China. Total returns to shareholders over the past year are 81%. Is New 90 Day High Low • Jan 25
New 90-day high: CN¥82.47 The company is up 12% from its price of CN¥73.38 on 27 October 2020. The Chinese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Food industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.87 per share. Is New 90 Day High Low • Dec 15
New 90-day high: CN¥77.50 The company is up 2.0% from its price of CN¥76.01 on 16 September 2020. The Chinese market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Food industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.82 per share. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 17% share price gain to CN¥70.83, the stock is trading at a trailing P/E ratio of 78.2x, up from the previous P/E ratio of 66.7x. This compares to an average P/E of 39x in the Food industry in China. Total returns to shareholders over the past year are 50%. Is New 90 Day High Low • Nov 16
New 90-day low: CN¥66.06 The company is down 21% from its price of CN¥83.20 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food 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¥13.39 per share. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥67.64 The company is down 8.0% from its price of CN¥73.82 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food 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¥13.39 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥89.2m, up 11% from the prior year. Total revenue was CN¥268.1m over the last 12 months, down 2.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 28
Third-quarter earnings released: Revenue behind estimates Third-quarter revenue missed analyst estimates by 3.0% at CN¥77.0m. Earnings per share (EPS) were mostly in line with analyst estimates at CN¥0.24. Revenue is forecast to grow 45% over the next year, compared to a 24% growth forecast for the Food industry in China. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥69.02 The company is down 17% from its price of CN¥83.45 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.39 per share.